AB Volvo Penta manufactures and supplies engines and power systems for marine and industrial applications. It offers marine leisure engines, such as inboard performance systems, diesel and gasoline engines, diesel inboards, sailboats, forward drive propulsion systems, and engine configurators; marine electronics; glass cockpit systems; accessories, including controls, EVC options, engine monitoring displays, extra alternators, steering wheels, and trim systems; and propellers, as well as parts.

The company also offers marine commercial engines for coast guard and patrol, short sea and river transport, workboats and tugs, supply vessels and offshore energy, and sightseeing and passenger transport applications.

In addition, it offers industrial engines, including off road engines and power generation engines. Further, the company provides spare parts; and technical support services that include maintenance and repair. It offers its products through a network of dealers worldwide. AB Volvo Penta was formerly known as AB Pentaverken and changed its name to AB Volvo Penta in 1965.

The company was founded in 1935 and is based in Gothenburg, Sweden with production sites in Cologne, Germany; Skövde, Vara, and Köping, Sweden; Lexington, Tennessee; Lyon, France; and Lingang, China. AB Volvo Penta operates as a subsidiary of AB Volvo (publ).