Centrica (CNA) has pushed on with expanding its 'connected home' suite of products, buying water technology company FlowGem for £13m. FlowGem is an early-stage UK business developing technology to remotely detect water leaks.
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The acquisition forms part of the utility group's plans to invest £500m in this area by 2020. Other connected home brands include Hive, which offers products such as smart thermostats and motion sensors. Management has been focusing on customer-facing businesses such as British Gas and diverting resources away from more capital-intensive exploration and production.
