Siemens has acquired the majority stake in Marine Current Turbines Ltd., the U.K. company based in Bristol, which develops and builds tidal power systems. Marine Current Turbines is a firm that deals in tidal power systems. Back in November 2011, Siemens increased its stake in the company to 45 percent. Siemens is planning to complete the acquisition of Marine Current Turbines in the coming few weeks. Financial details of the deal are not disclosed. Global carbon reduction commitments are increasing demand for reliable marine curren...
