CHP & Centrica16 May 2016 17:18
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CNA&ArticleCode=tk09db35&ArticleHeadline=Acquisition
Centrica acquires CHP business to enhance distributed energy offering
Centrica plc has acquired ENER-G Cogen International Limited (“ENER-G Cogen”), an established supplier and operator of combined heat and power (CHP) solutions, from ENER-G Holdings PLC for £145 million.
ENER-G Cogen has over 30 years’ experience and a strong track record in delivering end-to-end CHP solutions for industrial and commercial customers, and has around 1,400 units totalling over 500MW under contract with a growing customer book. The business operates predominantly in the UK but also has operations in the United States, Hungary, Italy, the Netherlands and Romania and has a strong, diverse customer base across private and public sectors. It also participates in Australia, Ireland, Japan, Canada and Turkey through sales partnerships with local entities. The acquisition of ENER-G Cogen will immediately contribute to cash flow and earnings.
Headquartered in Salford, Greater Manchester, ENER-G Cogen International Limited was founded in 1984.
The company has approximately 350 employees worldwide and delivers solutions for a variety of customers including hospitals and universities through to supermarkets and leisure centres.
Their 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. The business also offers systems from 0.5MW to 2.5MW and above, designed on a bespoke basis.
CHP is an efficient solution for customers who derive cost and carbon benefits from generating heat and power on-site rather
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