22nd Oct 2008 08:00
British Gas New Energy to acquire Semplice Energy Centrica plc, through its British Gas New Energy division, today announced thatit has acquired the low carbon solutions company, Semplice Energy Ltd, for atotal cash consideration of £1.5 million (including the repayment of debt). Aninitial consideration of £1.2 million has been paid on acquisition with afurther £0.3 million payable in two years dependant on meeting specifiedcriteria. Semplice Energy is a leading provider of clean technology solutions in the UK,offering consulting, design and systems integration to help businesses reducetheir energy usage, and invest in clean generation to achieve commerciallyviable CO2 reduction. Semplice Energy currently employs 21 staff. The deal complements British Gas' recent acquisitions of Solar TechnologiesGroup Ltd and BMSi Ltd and technology partnerships with Ceres Power, Disenco andvPhase. Gearoid Lane, Managing Director of British Gas New Energy, said: "This is another step forward in our development of a broad range of energyefficiency and low-carbon capabilities we can offer business and domesticcustomers. Semplice Energy will help us in the delivery of these services." \* TFor more information: Investor relations: 01753 494900Media relations: 0845 072 8001\* T Notes to editors Centrica plc is acquiring Semplice Energy Ltd through its subsidiary GB GasHoldings Ltd Copyright Business Wire 2008Related Shares:
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