27 Feb '15, 9am

Tocardo Tidal Turbines agrees to acquire Swantubines Intellectual Property: Transaction includes intellectual

Tocardo Tidal Turbines, producer of tidal and free-flow water turbines, has reached agreement for the acquisition of Swanturbines Intellectual Property, including the patented subsea tidal turbine technology and deployment methods. Financial details of the transaction were not disclosed “For a long time, Tocardo has been impressed by Swan’s technology, which is complementary to our own tested tidal energy technology,” said Hans van Breugel, CEO of Tocardo. “In particular, Swan’s installation technology1 is an important addition to our portfolio and offering to our clients.” According to Breugel, Tocardo is one of the few companies in the world to be commercially manufacturing and marketing tidal turbines. The Netherlands-based company has closed deals to sell its technology in Nepal and to install tidal turbines in the UK, Canada and South Korea with a total capacity excee...

Full article: http://www.renewableenergyfocus.com/view/41519/tocardo-ti...

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