◂ Announcements

Jan 7, 2020ACQUISITIONNetherlands

QED Naval and HydroWing acquire Tocardo Tidal Power

QED Naval and HydroWing announced a joint venture and the acquisition of Tocardo Tidal Power, a Dutch tidal turbine business, to combine expertise in tidal energy.

Status

Announced

Productstidal turbines

CompaniesQED Naval acquirer HydroWing acquirer Tocardo Tidal Power target Tocardo target

Sectors#Power Generation Equipment

“This new and innovative joint venture provides a truly end to end service with a spectrum of turbines, foundation systems, marine operations, as well as design, support and service expertise.”tocardo.com

2 sources
tocardo.comjoint venture – TocardoJeremy SmithJan 7, 2020
energylivenews.comNew EU tidal joint venture formed with Dutch acquisition - Energy Live NewsPriyanka ShresthaJan 8, 2020

Summarized from public sources; check the original articles before acting on it.

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