Centrica boosts US presence with $37 million acquisition


UK energy company Centrica has acquired US-based energy services and solutions company SmartWatt as part of a total $37 million deal.

SmartWatt’s focus is on helping organisations increase energy efficiency whilst reducing related costs.

The company has completed over 24,000 energy projects for customers such as the University of California, and global logistics company FedEx, and offers solar power solutions, energy efficiency upgrades, building automation, solar water conservation and lighting solutions to the US market.

Related Stories:

Jorge Pikunic, Global Managing Director of Centrica Business Solutions said: “The addition of SmartWatt will expand our operations throughout the US with technologies that complement our existing energy solutions capabilities.

“SmartWatt’s impressive reputation delivering energy solutions and innovative financing, together with our existing technology and trusted customer relationships through Direct Energy Business, will help accelerate our growth in the US”.