27/09/2012

Business news :The manufacturer Nimbus Boats rescued by Swedish investors

The Swedish holding company R12 AB is the new majority shareholder of the Nimbus Group with the brand names Nimbus Boats and Paragon Yachts.

The Swedish privately held holding company R12 has acquired the assets relating to the Nimbus Boats and Paragon Yacht brands and intend to invest further to strengthen the Group’s position as the leading Nordic producer of leisure boats in the 20 – 40 feet range.

The core focus going forward will be to further develop the market and relationship with existing dealers and to strengthen the product development efforts of the group under the two brand names Nimbus Boats and Paragon Yachts.

"We will continue to build our success with a wider range of our Nimbus Coupe, that was nominated boat of the year 2012 with a bigger 40ft aiming for the European, Russian and Asian markets," says acting CEO Magnus Andersson.

All business focus now will be at the coming boat shows, first Friedrichshafen and then Hamburg Boat Show and the launch of the new Paragon 25 Ranger for the Nordic markets.

We are very optimistic with the new more focused and cost efficient organization, continuing building the two brands with our skilful workforce and distribution network.

R12 is a Swedish investment company managed by co-owners Per Hesselmark and Hans Ramel. The company’s largest owner is the family of Robert af Jochnick. R12’s investment operations are focused on Scandinavia and include the retailer Twilfit, lift manufacturer Cibes, producer of printed circuit boards NCAB amongst others. Please refer to www.r12kapital.se for further details.

Magnus Andersson will remain as interim CEO during a handover period and the rest of the export team will remain as is of today.

Download pressrelease:
» English
» Swedish

For further information, please contact Magnus Andersson, acting CEO +46-738-53 46 38

Related previous post :

The Swedish Nimbus Boats bankruptcy: butchering begins !

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