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LATESTNEWS
The key boating stories you need to read
Edited by
Nick Burnham
Email: mbynews@timeinc.com
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powerful outboards
Volvo Penta has signed an agreement
to become the majority owner of American outboard engine manufacturer Seven Marine.
The deal gives Volvo its first proper foothold in the lucrative market for outboard engines since its ill-fated attempt to muscle in
on the sector during the 1970s.
Far from starting small and growing big, Seven Marine exploded on to
the scene in 2010 by announcing the most powerful production outboard engine in the world. Both its current models are based
on General Motors’
6.2-litre V8 engine and are rated
at 557hp and 627hp respectively.
Volvo Penta already produces engines
for all kinds of inboard installations as well as sterndrive
legs, IPS pod drives and forward- drive systems for ski boats.
This deal enables Volvo Penta to branch into powerful outboard motors, as well as allowing Seven Marine to develop its
existing technology and take advantage
of Volvo’s extensive service and dealer network.
“With Seven Marine, we are on a journey to expand the scope of supply with our customers and invest in
the growth of a platform to shape
the future of the outboard industry,”
said Volvo Penta president Björn
Ingemanson.
Seven Marine will continue to operate as a stand-alone entity,