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 billion over the next five years as businesses seek to reduce energy costs and carbon emissions.
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Notes to editors:
Centrica plc is acquiring Energy and Building Management Solutions Limited though its wholly-owned subsidiary, British Gas Energy Services Ltd.
British Gas supplies gas and electricity to UK residential and business customers and provides central heating and gas appliance installation services.
British Gas is Britain's largest operator in the central heating and installation of domestic central heating and gas appliances which include http://www.britishgas.co.uk/
British Gas is also Britain's largest CORGI operator in the boiler repair and installation of central heating and appliances including Vaillant boilers.
Launched in April 2007, British Gas's New Energy division is set to supply the growing British market for low-carbon and energy-efficient products and services.
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
Centrica plc, Millstream,
Maidenhead Road,
Windsor,
Berkshire
SL4 5GD
0845 072 8001
Email: alan.mclaughlin@
website: http://www.britishgas.co.uk
