M&A Deal Summary

Centrica Acquires ENER-G Cogen International

On May 16, 2016, Centrica acquired utilities company ENER-G Cogen International from ENER-G for 145M GBP

Acquisition Highlights
  • This is Centrica’s 3rd transaction in the Utilities sector.
  • This is Centrica’s 6th largest (disclosed) transaction.
  • This is Centrica’s 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2016-05-16
Target ENER-G Cogen International
Sector Utilities
Buyer(s) Centrica
Sellers(s) ENER-G
Deal Type Divestiture
Deal Value 145M GBP

Target

ENER-G Cogen International

Salford, United Kingdom
ENER-G Cogen International Ltd. delivers solutions for a variety of customers including hospitals and universities through to supermarkets and leisure centres. Company focus is on the design, installation, operation and maintenance of gas-fuelled combined heat and power systems, sited on industrial and commercial premises. Their core product catalogue is made up of a proprietary range of standard CHP units from 25kW to 530kW.

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Buyer(S) 1

Buyer

Centrica

Windsor, United Kingdom

Category Company
Founded 1812
Sector Utilities
Employees21,038
Revenue 19.9B GBP (2024)
DESCRIPTION

Centrica is a utility company that serves customers in the UK, North America, and Norway. Centrica aims to meet our customers’ energy needs and deliver long-term value to our shareholders. Centrica was founded in 1812 and is headquartered in Windsor, England.


DEAL STATS #
Overall 14 of 22
Sector: Utilities M&A 3 of 4
Type: Divestiture M&A Deals 5 of 6
Country: United Kingdom M&A 8 of 11
Year: 2016 M&A 2 of 3
Size (of disclosed) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 Neas Energy A/S

Aalborg, Denmark

Neas Energy A/S is a provider of energy management and revenue optimisation services form decentralised third-party owned assets. Neas Energy was formed in 1997 and is based in Aalborg, Denmark.

Buy kr.1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-30 FlowGem

United Kingdom

FlowGem Limited, an early stage UK-based business developing unique and innovative technology to remotely detect water leaks. The company has invented an innovative Internet of Things technology in water leak detection and flow monitoring.

Buy £13M

Seller(S) 1

SELLER

ENER-G

Manchester, United Kingdom

Category Company
Sector Renewable Energy
DESCRIPTION

ENER-G plc is an international renewable and sustainable energy specialist.


DEAL STATS #
Overall 2 of 2
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 2 of 2
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 ENER-G Procurement

Studley, United Kingdom

ENER-G Procurement Ltd. is a provider of energy management services.

Sell -