OXE Marine AB’s $10.8 Million Acquisition of Diesel Outboards And Outdoor Network Manufacturing

Lindahl has advised OXE Marine AB on the deal.

OXE Marine AB agreed to acquire 100% of Diesel Outboard’s and Outdoor Network Manufacturing’s US distribution and manufacturing business.

The purchase price of USD 10.8 million was financed through a share issue in kind to the selling entity Powersports Plus LLC.

The transaction was subject to approval from the European Investment Bank (EIB) and the holders of OXE’s listed corporate bonds.

OXE Marine AB (publ) (NASDAQ STO: OXE) has, after several years of development, constructed the OXE Diesel, the world’s first diesel outboard engine in the high-power segment. The Company’s unique patented engine-to-propulsion power transmission solutions have led to high demand for the Company’s engines worldwide.

The Lindahl’s team has consisted of Mikael Mellberg (Picture), Alexandra Niemelä Ingvarsson, Lisa Lantz, Filip Malm and Victor Carlsson.

Involved fees earner: Victor Carlsson – Lindahl; Lisa Lantz – Lindahl; Filip Malm – Lindahl; Mikael Mellberg – Lindahl; Alexandra Niemelä Ingvarsson – Lindahl;

Law Firms: Lindahl;

Clients: OXE Marine AB;

Federica Tiefenthaler

Author: Federica Tiefenthaler