{"id":5505,"date":"2018-04-25T10:49:56","date_gmt":"2018-04-25T09:49:56","guid":{"rendered":"https:\/\/cfi.co\/awards\/?p=5505"},"modified":"2018-12-04T09:49:38","modified_gmt":"2018-12-04T09:49:38","slug":"cimco-marine-best-industrial-exporter-ipo-sweden-2017","status":"publish","type":"post","link":"https:\/\/cfi.co\/awards\/europe\/2018\/cimco-marine-best-industrial-exporter-ipo-sweden-2017\/","title":{"rendered":"Cimco Marine: Best Industrial Exporter IPO Sweden 2017"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5508\" src=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2018\/04\/Cimco.jpg\" alt=\"\" width=\"400\" height=\"160\" srcset=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2018\/04\/Cimco.jpg 400w, https:\/\/cfi.co\/awards\/wp-content\/uploads\/2018\/04\/Cimco-300x120.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong> In Sweden, the engineers of Cimco Marine developed the world\u2019s first truly high-power diesel outboard engine. The OXE Diesel Outboard generated so much demand that the manufacturer had to accelerate expansion plans by turning to the stock market. In July 2017, the company celebrated its IPO and debuted on Nasdaq First North, generating considerable excitement amongst investors who eagerly snapped up its shares. By the close of its first day of trading, Cimco Marine shares had soared by 23% over the issue price, reflecting solid investor confidence in the company\u2019s ability to successfully leverage \u2013 and monetise \u2013 its technological edge.<\/strong><\/p>\n<p style=\"text-align: justify;\">The development of the OXE Diesel power plant represents a marine tech breakthrough that called for an out-of-the-box approach to outboard engine design. To increase both endurance and reliability, Cimco Marine engineers decided to ditch the prone-to-failure bevel gears and transfer shafts usually found in outboards with belt technology that allows for high torque transfers and a considerable increase in the engine\u2019s endurance.<\/p>\n<p style=\"text-align: justify;\">Complying with NATO\u2019s single fuel directive and thanks to its unequalled reliability, the OXE Diesel outboard is particularly popular with the military and law enforcement agencies. In order to meet demand from marine and fisheries patrol agencies, Cimco Marine also offers a 150 hp model.<\/p>\n<p style=\"text-align: justify;\">The CFI.co judging panel is always happy to consider nominations of engineering companies that venture into uncharted waters, pushing the technological envelope, and identifying \u2013 and meeting \u2013 pent-up demand for a product not yet developed. Cimco Marine is such a company. Now that its high power OXE Diesel outboard engine is readily available \u2013 and making more than just proverbial waves \u2013 its absence can no longer be conceived. The judges are therefore pleased to grant Cimco Marine the 2017 Best Industrial Exporter IPO Sweden Award.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Sweden, the engineers of Cimco Marine developed the world\u2019s first truly high-power diesel outboard engine. The OXE Diesel Outboard generated so much demand that the manufacturer had to accelerate<\/p>\n","protected":false},"author":1,"featured_media":5507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5,53,14,28],"tags":[83,63],"class_list":["post-5505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","category-front","category-industries","category-manufacturing","tag-83","tag-ipo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.6 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cimco Marine: Best Industrial Exporter IPO Sweden 2017 - CFI.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cfi.co\/awards\/europe\/2018\/cimco-marine-best-industrial-exporter-ipo-sweden-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cimco Marine: Best Industrial Exporter IPO Sweden 2017\" \/>\n<meta property=\"og:description\" content=\"In Sweden, the engineers of Cimco Marine developed the world\u2019s first truly high-power diesel outboard engine. The OXE Diesel Outboard generated so much demand that the manufacturer had to accelerate\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cfi.co\/awards\/europe\/2018\/cimco-marine-best-industrial-exporter-ipo-sweden-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"CFI.co\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CapitalFinanceInternational\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-25T09:49:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-12-04T09:49:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2018\/04\/CimcoThumb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"349\" \/>\n\t<meta property=\"og:image:height\" content=\"218\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"marten\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CFIMagazine\" \/>\n<meta name=\"twitter:site\" content=\"@CFIMagazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"marten\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2018\/cimco-marine-best-industrial-exporter-ipo-sweden-2017\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2018\/cimco-marine-best-industrial-exporter-ipo-sweden-2017\/\"},\"author\":{\"name\":\"marten\",\"@id\":\"https:\/\/cfi.co\/awards\/#\/schema\/person\/e3ad9b01223c3a8168d49fc9b884a909\"},\"headline\":\"Cimco Marine: Best Industrial Exporter IPO Sweden 2017\",\"datePublished\":\"2018-04-25T09:49:56+00:00\",\"dateModified\":\"2018-12-04T09:49:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2018\/cimco-marine-best-industrial-exporter-ipo-sweden-2017\/\"},\"wordCount\":298,\"image\":{\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2018\/cimco-marine-best-industrial-exporter-ipo-sweden-2017\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2018\/04\/CimcoThumb.jpg\",\"keywords\":[\"2017\",\"IPO\"],\"articleSection\":[\"Europe\",\"FRONT\",\"Industries\",\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2018\/cimco-marine-best-industrial-exporter-ipo-sweden-2017\/\",\"url\":\"https:\/\/cfi.co\/awards\/europe\/2018\/cimco-marine-best-industrial-exporter-ipo-sweden-2017\/\",\"name\":\"Cimco Marine: Best Industrial Exporter IPO Sweden 2017 - 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