View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 13, 2015

British Gas gets its own Internet of Things firm

The energy firm agrees to buy smart home firm Alertme for £44m.

By Amy-Jo Crowley

British Gas has agreed to acquire smart home firm Alertme, in a bid to accelerate connected home services in the UK and worldwide.

Alertme, founded in Cambridge, creates smart home technology that allows customers to monitor and control their home energy.

The Centrica-owned energy firm, which already has a 21% stake in the business, already uses Alertme’s technology for its Hive service, allowing users to control their heating and hot water remotely from a smart device.

British Gas said the deal would help Centrica’s roll-out of connected home services across the UK for its 11 million customers as well as other markets around the world.

"This acquisition underlines our commitment to helping customers manage their homes, including their energy, more easily," Nina Bhatia, Commercial Director of British Gas, said.

"Already, we’re the only business in the UK that can build the technology, develop the software, and provide expert in-home installation and service. With access to new technology and skills, we’re strengthening our capability at British Gas to develop a family of products that will put people in control of their homes in a way that’s simply never been possible before."

Mary Turner, CEO of AlertMe said: "We are excited to move forward with British Gas, with an opportunity to roll out service for tens of millions of homes, and to realise our ambition for further global distribution."

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Bhatia added: "We’re also very excited at the potential we now have to enable further development of connected homes products and services in other parts of the Centrica Group – with Direct Energy in North America, and Bord Gáis in the Republic of Ireland."

The transaction is expected be completed by the end of the first quarter of 2015.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.