TIDAL power company Atlantis Resources has completed a deal to buy Marine Current Turbines from Siemens.

While MCT is based in Bristol its new owner intends to set up a turbine assembly facility at the Nigg yard in Ross-shire.

The new site will be used in support of the MeyGen tidal power project which Atlantis is developing in the Pentland Firth.

Siemens has taken a near ten per cent stake in AIM-listed Atlantis as part of the MCT transaction.