Search free mortgage software,mortgage calculator
British Gas Business to acquire BMSi  
Published:  10/21/2008 11:33:30 AM
Company Site:
Category:  Business
Last View 2/8/2016 12:53:47 AM
PR Hits 1839

Technology PR:

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 7 million. The acquisition, which includes an additional earn-out mechanism of up to 3 million, will launch British Gas Businesss entry into the UKs expanding business energy services market which Centrica believes will grow to 2 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, boilers and home repair services to millions of customers in Scotland, Wales and England. They are the UKs 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 heating, ventilation, air conditioning and lighting."

Centrica plc,


Maidenhead Road,


Berkshire SL4 5GD

0845 072 8001



Related Technology PR News:

British Gas To Roll Out Smart Meters To Businesses Across Britain - 300,000 business smart meters by 2012British Gas will be rolling out smart meters to homes and businesses across Britain following the announcement by the Government that energy suppliers will be resp ..  (1138 Views)

British Gas New Energy to acquire 19 per cent stake in Econergy Ltd - Centrica plc, through its British Gas New Energy division, today announced that it has acquired a 19 per cent share of Econergy Ltd (Econergy), for a cash consideration of £1 million. The deal includ ..  (939 Views)

British Gas Business Selected For Public Sector Energy Metering Contracts - British Gas Business is the only energy supplier to be selected for all five lots of a national contract to provide Automatic Meter Reading (AMR) services to the public sector market, worth an estimat ..  (913 Views)

British Gas announces new rates for pre-payment meter customers - The new rates will come into effect on 18 December 2008 reducing prices by an average of £22* a year for dual fuel prepayment customers. Phil Bentley, Managing Director of British Gas, said: "W ..  (814 Views)

British Gas cuts electricity prices by 10% – is now the cheapest electricity supplier in Britain - British Gas, the biggest supplier of electricity to homes in Britain, which serves around one in every four homes, has today cut an average 10 per cent off its standard electricity prices. The ..  (712 Views)

Smart meters to lead energy revolution, says British Gas - Every household in Britain could reduce its energy use, cut carbon emissions and save money as a result of smart meters, says Britains largest energy supplier. The company today welcomed the planne ..  (687 Views)

Force Tester Sets the Seal of Quality at British Gaskets - Michael Hubbard, Business Quality Manager at the British Gaskets Group said "We use the Mecmesin MultiTest 10-i system to perform regular quality control tests to guarantee (314 Views)

RSS Feed of new press releases                                                             Home        Feed Map        Submit Press Release        Contact 
Privacy Policy