# 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.

- Type: Acquisition
- Announced: 2020-01-07
- Where: Netherlands
- Status: announced
- Products: tidal turbines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [QED Naval](https://endata.com/companies/44335.md) (acquirer)
- [HydroWing](https://endata.com/companies/44336.md) (acquirer)
- [Tocardo Tidal Power](https://endata.com/companies/44337.md) (target)
- [Tocardo](https://endata.com/companies/44374.md) (target)

## Sources

- [tocardo.com](https://tocardo.com/tag/joint-venture/), 2020-01-07: "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."
- [energylivenews.com](https://www.energylivenews.com/2020/01/08/new-eu-tidal-joint-venture-formed-with-dutch-acquisition/), 2020-01-08: "QED Naval and HydroWing have joined forces to buy tidal turbine business Tocardo."

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