Volvo Penta is a Swedish marine and industrial engine manufacturer, a joint stock company within the Volvo Group. Volvo Penta evolved from a foundry in Skövde 1907, when the first marine engine, the B1, was manufactured. The name Penta was created about 1916.[2] The Penta company soon became an established internal combustion engine manufacturer, which in 1927 delivered the engine for Volvo's first passenger car.
Volvo acquired Penta in 1935 and Volvo Penta has been part of the Volvo Group since then. In 1973, the production of outboard motors was acquired. In this process, the Archimedes brand was purchased from the company Electrolux, which had also acquired it in 1941. Archimedes itself was a Swedish company that was a pioneer in the manufacture of outboard motors. [3][4] It now provides internal combustion engines (ICEs) and complete power systems to the marine industry, power-generating equipment, and similar industrial applications. The business also manufacturers sterndrive and inboard drive systems such as the Volvo Penta IPS.