Acquisition of Energy and Building Management S...

Acquisition of Energy and Building Management Solutions Limited

Centrica PLC

British Gas to acquire Energy and Building Management Solutions Limited

Centrica plc, through its British Gas Business division, today announced that it has acquired Energy and Building Management Solutions Limited for a cash consideration of up to £3.2 million. The business combines energy management and consulting services with the capability to design, install, maintain and repair building control systems.

This acquisition strengthens British Gas Business’s position in the UK’s expanding business energy services market, which it entered last year through the acquisition of BMSi. This market is expected to grow to £2 billion¹ over the next five years as businesses seek to reduce energy costs and carbon emissions.

Notes to editors

Centrica plc is acquiring Energy and Building Management Solutions Limited though its wholly-owned subsidiary, British Gas Energy Services Ltd.

¹ Forecast of the size of the business energy services market comes from Centrica’s analysis of a variety of market sources including Federation of Environmental Trade Association, Building Control Industry Association (BCIA), UKCEED, Energy Systems Trade Association, Carbon Trust, and SMT Consulting.

Contacts

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