By Maryam Cockar

 

British Gas owner Centrica PLC (CNA.LN) said Tuesday that it has signed a five-year partnership agreement with Eni SpA (ENI.MI) to expand its connected-home business into Italy.

FTSE-100 listed Centrica said that it will work with Eni--an Italian energy company--to provide its "Hive portfolio" of products, which includes a smart thermostat, lights, door and window sensors and smart plugs, to Italian customers from Nov. 20.

Centrica didn't disclose the financial arrangements of the deal.

Nina Bhatia, managing director of Centrica's connected-home division, said that strategic partnerships are going to be increasingly important to the growth of the company.

 

Write to Maryam Cockar at maryam.cockar@dowjones.com

 

(END) Dow Jones Newswires

November 14, 2017 03:01 ET (08:01 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Grafico Azioni Centrica (LSE:CNA)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Centrica
Grafico Azioni Centrica (LSE:CNA)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Centrica