Cimco is to complement its current product portfolio with the launch of the OXE 125 and OXE 175 at the METS show in Amsterdam on 13th November 2018.
Cimco is broadening its product portfolio to now include the OXE 125 and OXE 175, which will produce 125hp and 175hp respectively. This will be launched at the Marine Equipment Trade Show (METS), which is the world’s largest trade exhibition of marine equipment, materials and systems. The show will be held in Amsterdam between 13-15 November 2018.
As with most gasoline outboard manufacturers, Cimco is broadening its product portfolio which will attract interest from users with different power usage requirements. The portfolio will still use the same power unit from Opel (2 litre turbo diesel), however the 125 OXE will be considered a heavy-duty user more suitable for smaller fishing vessels and Oil & Gas marine field users. There are also tax advantages using a lower power unit in certain regions. The OXE 175 will be for users that use the OXE 150 but may want a higher top speed or have a heavier load to carry. Indeed, the company will continue with a higher power range above 200hp when the BMW 3 litre turbo diesel engine is introduced in due course.
Price increases of the 150hp and 200hp has been communicated to Cimco’s distributors to reflect the investment and improvements made to its product. This is to be effected from 1st November 2018. This is the first price increase since 2013.
– With the imminent re-introduction of the 200hp OXE proceeding according to plan and the current 150hp in production, the addition of the OXE 125 and 175, will give us a complementary range of engines that our customers can choose from which would suit their particular needs. This will create further interest in our product and lift demand, says Andreas Blomdahl.
For further information, please contact:
Anders Berg, Chairman, firstname.lastname@example.org, +46 70 358 91 55
Andreas Blomdahl, CEO, email@example.com, +46 431 44 98 99
Myron Mahendra, CFO and EvP in charge of Administration and HR, firstname.lastname@example.org, +46 76 347 59 82
Västra Hamnen Corporate Finance AB is Cimco’s Certified Adviser.
At OXE Marine we are driven by the ambition to transform the outboard motor; impacting the journey towards a more sustainable and ecologically positive marine environment. We are passionate, knowledgeable, and reliable. Passionate to commit to innovation and excellence, knowledgeable to recruit and retain high-quality personnel, and reliable to commit to supplying safe, durable, and reliable products and services and to openness and fairness with all our stakeholders. OXE Marine believes in a strong collaborative approach between our teams and partners while being daring and persistent in our passion for excellence. OXE Marine was founded in 2012, and is the company behind a patented outboard transmission, enabling the use of high torque diesel engines on outboard systems and in sterndrive solutions.