British Gas drops $100 million on AlertMe, reaffirming there is money in HEM

Last month, one of the "Big Five" British utilities, British Gas (BG), acquired smart home company AlertMe. According to BG and AlertMe sources, BG will acquire the remaining shares in AlertMe (beyond its existing 20%) for nearly $100 million. BG is actually owned by Centrica, which touted this a...

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