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Centrica is enhancing its Connected Home offering with new water technology capability.
In a £13 million deal, the energy company has acquired Flow Gem which develops technology to remotely detect water leaks.
The new technology will be added to the Hive product portfolio, created by Centrica in September 2013 to enable control of heating and hot water from a mobile, laptop or tablet.
The acquisition forms part of Centrica’s plans to invest £500 million of operating costs and capital resources in Connected Home by 2020.
Centrica’s Connected Home business managing director Nina Bhatia said: “This acquisition will enable us to expand what we can do to help customers manage their homes more effectively using technology, and will enrich the offer from our existing services businesses.
“We are very excited to be extending our capabilities in this new area of leak detection, as we look to 2017.”
Flow Gem’s chief executive Daniel Green said that he was “delighted” the technology would have a place in homes.
“We have pioneered the use of Internet of Things technologies to detect in-building water issues and want to enable people to take action like never before,” he added.
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