# SIMEC to acquire 49.9% of Atlantis Resources

SIMEC has signed a conditional agreement to acquire 49.9% of Atlantis Resources' share capital. Atlantis will also acquire SIMEC Uskmouth Power Limited, owner of a 336MW power plant in South Wales.

- Type: Acquisition
- Announced: 2017-12-14
- Where: Edinburgh, Scotland; South Wales, United Kingdom
- Status: announced
- Capacity: 336 MW
- Products: tidal energy, power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [SIMEC](https://endata.com/companies/20209.md) (acquirer)
- [Atlantis Resources](https://endata.com/companies/28818.md) (target)
- [SIMEC Uskmouth Power Limited](https://endata.com/companies/28819.md) (target)

## Sources

- [offshore-energy.biz](https://www.offshore-energy.biz/2017/12/14/simec-dives-deeper-in-tidal-sector-by-acquiring-50-of-atlantis), 2017-12-14: "Following the establishment of Atlantis Energy earlier this year, we are excited about the transaction and the partnership."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.