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M&A Deal Summary

Centrica Acquires FlowGem

On August 30, 2016, Centrica acquired technology hardware company FlowGem for 13M GBP

Acquisition Highlights
  • This is Centrica’s 1st transaction in the Technology Hardware sector.
  • This is Centrica’s 11th largest (disclosed) transaction.
  • This is Centrica’s 9th transaction in the United Kingdom.

M&A Deal Summary
Date 2016-08-30
Target FlowGem
Sector Technology Hardware
Buyer(s) Centrica
Deal Type Add-on Acquisition
Deal Value 13M GBP

Target

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.

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Buyer(S) 1

Buyer

Centrica

Windsor, United Kingdom
Category Company
Founded 1812
Sector Utilities
Employees21,432
Revenue 26.5B GBP (2023)
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 15 of 21
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 7 of 13
Country (United Kingdom) 9 of 10
Year (2016) 3 of 3
Size (of disclosed) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 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.

Buy £145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 Rokitt

Jersey City, New Jersey, United States

Rokitt, Inc. is a data discovery software solution that enables companies to discover meaningful information from their data and data relationships through a unique set of machine learning algorithms. Rokitt is a technology company based in New Jersey, US.

Buy -
Mergr

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