British Gas acquires Hillserve Limited

British Gas acquires Hillserve Limited

Centrica PLC

British Gas acquires Hillserve Limited

Centrica plc, through its British Gas division, today announced that it has acquired Hillserve Limited (Hillserve), a leading domestic insulation company, for a cash consideration of £5 million plus an adjustment for net cash within the business of around £1.3 million.

Hillserve operates in the North West of England and Wales and currently employs 159 staff. This acquisition builds on British Gas' recent creation of a nationwide in-sourced insulation business, and supports the company’s growth plans in this sector.

ENDS

Notes to editors

1. Centrica plc has acquired Hillserve Limited through its subsidiary GB Gas Holdings Ltd.

2. British Gas established a new insulation business in March 2010, and in 18 months plans to employ 1,100 people in this business.

Contacts:

Investor Relations:	Â	Â	Â	01753 494900
Media Relations:				0845 072 8002