Cimco Marine Announces Distribution Agreement With Tractors Singapore Limited

Cimco expands distribution reach for the OXE Diesel in Asia

ÄNGELHOLM, SWEDEN AND SINGAPORE – June 7, 2016 – Cimco Marine, the manufacturer behind OXE Diesel – the world’s first high power diesel outboard engine – has entered into a distributor agreement with Tractors Singapore Limited (TSL), a wholly owned subsidiary of Sime Darby Industrial Division and a leading equipment dealer based in Singapore. With this agreement, Cimco will further extend the availability of the OXE Diesel outboard engine on the Asian market.

TSL is a leading equipment dealer in Singapore with five decades of distribution experience in the heavy equipment and power systems industries.TSL is the authorised Cat dealer distributing Caterpillar machines, engines and lift trucks and providing aftersales support. Its comprehensive knowledge of the marine market will enable TSL to be a reliable service distributor of the OXE Diesel outboard engine.

“Working with an experienced and well-respected distributor like Tractors Singapore Limited allows us to deliver the OXE Diesel outboard engine effectively into the Asian market,” said Magnus Folin, CEO of Cimco Marine. “They understand the demands of the marine market and have already established support channels, which will be truly valuable for our customers and resellers.”

TSL, together with its sister companies The China Engineers, Limited (CEL) and Sime Darby Industrial Sdn Bhd (SDI) will be authorised OXE Diesel distributors for the service territories of Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Brunei, Cambodia, Laos, Myanmar, Maldives, China, Hong Kong, Macau and Taiwan. The collective's expertise will allow resellers and clients to reap the full benefits and value of OXE Diesel outboard engine.

“We are pleased to work with Cimco Marine on a long term partnership to distribute the world’s first 200hp diesel outboard engine within China, Taiwan, South East Asia and the Republic of Maldives. The product is aligned to the Group’s initiatives on driving innovation in delivering sustainable value to stakeholders,” said Alan Ow, Managing Director of TSL and the Power Systems Divisions of CEL and SDI.

About Cimco Marine

Cimco Marine was established in 2012, and is the developer and manufacturer behind a patented outboard transmission, enabling the use of high torque diesel engines on outboard systems and in sterndrive solutions. During summer 2016 Cimco Marine is launching the OXE Diesel for the marine market – the world’s first high performance diesel outboard engine, setting new standards for durability, fuel-efficiency and low emissions.

For more information about the OXE Diesel, visit www.oxe-diesel.com

About Tractors Singapore Limited

Tractors Singapore Limited (TSL) was established in 1966. A wholly owned subsidiary of the Sime Darby Industrial Division, TSL is a full line authorised Caterpillar dealer distributing Caterpillar machines, engines and lift trucks for the territories of the Republic of Singapore, the Republic of Maldives and Christmas Island (Indian Ocean). TSL is the headquarters for Sime Darby Power Systems (SDPS), which covers the Power Systems businesses in Malaysia & Brunei through Sime Darby Industrial Sdn Bhd and seven provinces in China (Guangdong, Guangxi, Fujian, Jiangxi, Hainan, Hunan and Xinjiang), Hong Kong and Macau through The China Engineers, Limited. SDPS leverages on the collective strength and expertise of its regional team to provide excellent sales and service support coverage to its customers.

For more information about TSL, visit www.tractors.com.sg