Rolls-Royce to sell TGL to Alstom

Rolls-Royce, the global power-systems company, today announces the sale of Tidal Generation Limited (TGL) to Alstom, the Company press release said.

TGL designs, develops and manufactures tidal turbine technologies which harness the reliable and predictable energy of tidal streams to generate electricity.

The sale is expected to complete within the next few months, subject to closing conditions.

TGL is a wholly owned subsidiary of Rolls-Royce Holdings plc that is managed and reported in the Energy business segment.

Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.