Mojo Maritime Expands to France
- Business & Finance
Mojo Maritime has expanded into France, having incorporated a wholly owned French subsidiary in response to the growing French tidal energy market.
Mojo Maritime France S.A.S. is headquartered in Cherbourg, Normandy, and has operations in Nantes, Western France. The company started trading on 1st May, 2014, and has already begun the recruitment process.
Over the next five years, Mojo Maritime expects its French office to consist of five people, bringing its total number of employees to 35.
The first project for Mojo Maritime France S.A.S. is the development of an innovative seabed preparation system which has applications for the tidal energy sector; a key area of development for the Cornish based company. This project is in conjunction with Cassis base company Geocean and is part funded by a grant administered by the French Government Agency ADEME.
Richard Parkinson, Managing Director of Mojo Maritime, said: “The expansion of Mojo Maritime into France is an exciting step forward for us, as a Cornish-based business. We see the French tidal energy market as a key area of development and have been lucky enough to receive lots of support for our venture from local stakeholders. We are looking forward to seeing what the future holds for Mojo in both the UK and France and will be on hand at All Energy this week to discuss our plans further.”
Earlier this year, Mojo Maritime secured funding to develop, build and test their low motion floating platform for offshore LiDAR measurements.
May 21, 2014