Berkshire, UK (PRWEB) June 4, 2009
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.
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 provides services within:
Domestic Market: The biggest supplier of gas and electric in Britain's domestic market with more than 16m customer accounts.
Installation and Maintenance Services: British Gas is Britain's leading operator in the central heating and installation of household central heating and gas appliances of which also includes combi boilers. This is why British Gas adheres to the new Gas Safe Register and makes sure that all 6,900 gas engineers in our fleet are worthy of carrying this badge of excellence.
Commercial and Corporate: Britain's leading supplier of energy to business, from small to medium-sized customers through to large industrial and commercial users.
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.