OXE Marine joins forces with US distributor

Outboard manufacturer OXE Marine AB has announced it is joining forces with its largest distributor, Diesel Outboards and Outdoor Network Manufacturing in the US, to significantly strengthen the focus on commercial and distribution development. In conjunction with the transaction, Magnus Grönborg has decided to step-down as CEO due to personal reasons and the Board of Directors has appointed Anders Berg as acting CEO, commencing this role during January but no later than the 31st of January. The US outboard market represents approximately 40% of the world-wide sales of outboard engines and between 40%-50% of OXE Marine’s revenue.