12 Nov 2015

Globes – Centrica acquires Israeli co Panoramic Power for $60m

Panoramic Power’s energy based solutions include wireless and self-powered circuit-level technology with cloud-based analytics.
Centrica plc (LSE: CAN) has acquired Israeli device developer for energy management solutions┬áPanoramic Powerfor $60 million. Panoramic Power will become a part of Centrica’s US energy services unit Direct Energy and the acquisition builds upon an existing exclusive partnership between Panoramic Power and Direct Energy that began in June 2014.