Bglobal sells Australian subsidiary, opens new UK division

Darwen smart meter firm Bglobal has sold the Australian arm of its Utilisoft division for £2.36m.

bglobalUtilisoft Australia, which provides data management software and tools into the energy industry, has been bought by the Hansen Corporation, which provides billing services to the utilities sector.

Bglobal said the sale will allow it to focus on its UK operation, where it has also launched a new subsidiary, Bsmart Energy Solutions, to enable it to offer a complete end-to-end energy management service.

Bsmart provides businesses with the tools to measure and analyse their energy consumption and expenditure. Chris Norburn, the new managing director of Bsmart, said: "The launch of Bsmart Energy Solutions forms a considerable part of our growth strategy and marks a significant development for Bglobal. It sets us apart from our competitors, as we can take a much more dedicated approach for our customers.”