Nimbus Group has acquired EdgeWater Power Boats and formed a strategic partnership to expand the Swedish builder’s reach and investment in the U.S. powerboat market.
“Nimbus Group has a clear growth strategy where expansion in the important North American market comprises one of the cornerstones,” president and CEO Jan-Erik Lindström said in a statement. “The market for powerboats in the U.S. is the single largest in the world, and to support Nimbus Group’s expansion in the U.S. and increase our presence in the North American market, EdgeWater Power Boats adds an important experienced local organization and production capacity in the U.S.”
Nimbus Group consists of seven brands that build approximately 70 models at nine manufacturing locations in Sweden, Poland and Finland.
“With this collaborative partnership, we will set a strong standard for boatbuilding,” EdgeWater president and CEO Jennifer Butera said in the statement. “Our companies share the same sensibilities geared toward providing a sincere commitment to our customers and their families.”
