LONDON--Centrica PLC (CNA.LN) said Tuesday it has bought FlowGem Ltd., an early stage U.K.-based business developing unique and innovative technology to remotely detect water leaks, for 13 million pounds ($16.99 million).

The international energy and services company said the acquisition forms part of its plans to invest GBP500 million of operating costs and capital resources in Connected Home by 2020.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

August 30, 2016 03:52 ET (07:52 GMT)

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