Centrica to acquire Semplice for £1.5 million
Uchenna Izundu
International Editor
LONDON, Oct. 22 -- Centrica PLC has bought low-carbon solutions company Semplice Energy Ltd. for £1.5 million in cash to expand its usage of clean technology in the UK for domestic and business customers.
The sum includes the repayment of debt. "An initial consideration of £1.2 million has been paid on acquisition, with a further £0.3 million payable in 2 years, dependant on meeting specified criteria," Centrica said.
Semplice Energy provides consulting, design, and systems integration to help businesses reduce their energy usage and invest in clean generation to achieve commercially viable CO2 reduction.
The deal complements British Gas' recent acquisitions of Solar Technologies Group Ltd. and BMSi Ltd. and its technology partnerships with Ceres Power, Disenco, and vPhase.
Contact Uchenna Izundu at [email protected].