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.
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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.
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(END) Dow Jones Newswires
November 14, 2017 03:01 ET (08:01 GMT)