Press Release Summary: Centrica plc, through its British Gas Business division,
today announced that it has acquired Building Management System Integrators Ltd
(BMSi) for a cash consideration of GBP7 million.
Press Release Body: October 2008 - Centrica plc, through its British Gas Business
division, today announced that it has acquired Building Management System
Integrators Ltd (BMSi) for a cash consideration of GBP7 million. The acquisition,
which includes an additional earn-out mechanism of up to GBP3 million, will launch
British Gas Business's entry into the UK's expanding business energy services market
which Centrica believes will grow to GBP2 billion over the next five years, according
to a consensus of market sources.
BMSi is a UK leader in the installation and contract servicing of specialist
building controls systems. These systems help improve building energy management
performance and can deliver significant energy and carbon savings. The business
currently employs a total of 69 people and its existing customers include Boots, BAA
and O2. By combining the capabilities of BMSi with the energy expertise within
British Gas Business it will be able to provide customers with new energy management
propositions and products.
British Gas is a British-owned company. As part of the Centrica Group, they provide
gas, electricity, http://www.britishgas.co.uk/products-and-services/boilers.html>boilers and home
repair services to millions of customers in Scotland, Wales and England. They are
the UK's leading energy and Home Services provider.
British Gas continues to explore other acquisitions to further build the range,
scale and reach of the energy efficiency and low-carbon capabilities it can offer
business and domestic customers.
Phil Bentley, Managing Director of British Gas, said: "With high energy costs, and
with the prospect of new legislation and tighter regulation around businesses'
carbon emissions, we will offer new ways to help our customers cut their energy
usage and reduce their carbon footprint. This rapidly growing market is also being
driven by changing customer attitudes and the desire of many in business to
demonstrate greater corporate responsibility by reducing their energy usage and
carbon footprint.
"Our new energy solutions will include building control technologies, automated
monitoring and targeting and smart metering which will help businesses track energy
consumption and optimise the operation of high energy consuming plant such as href=http://www.britishgas.co.uk/products-and-services/boilers/need-a-new-boiler.html>heating,
ventilation, air conditioning and lighting."
2012
