QED Naval and HydroWing have acquired Dutch tidal turbine company Tocardo to form a new consortium.
The companies said the deal will produce an end to end service with multiple models, foundation systems and marine operation, as well as on design, support and service expertise.
Tocardo will continue to offer its turbines and will also invest in new machine development.
The companies have already been working in partnership on tidal projects in Europe and will be expanding on this.
HydroWing chief executive Richard Parkinson said the three companies are “committed to expand and will be introducing their combined technologies in new projects starting in 2020” following the acquisition.
“This bigger, long term, end to end vision is quite unique in that it brings an unrivalled pool of expertise and collaboration across European tidal energy,” he added.
Tocardo chief executive Andries Van Unen said the deal will give it a “geographically greater market presence and team with some of the most talented experts in the industry”.
QED Naval boss Jeremy Smith added: “All three companies are very excited to announce this exciting recipe and European partnership which will takes the key ingredients of tidal technologies developed over the last 12 years, great turbines and foundation systems, spiced up with some of the industries great minds to deliver great value reliable tidal solutions.”