Firmus energy will remain in Antrim HQ after sale
Natural gas company firmus energy, a subsidiary of Bord Gais Eireann, has been sold to energy, oil and rail firm iCON Infrastructure.
The sale of firmus energy forms part of the wider acquisition of Bord Gais Energy by a consortium comprising iCON Infrastructure partners II LP, Centrica plc and Brookfield Renewable Energy Partners LP.
The firmus network extends to around 900km of pipe and the company supplies around 70,000 customers, of which over 20,000 are new customers in the network area outside greater Belfast.
Michael Scott, managing director of firmus energy, said that iCON expressed an interest in acquiring firmus energy from the outset when the company first went up for sale in May 2013.
"We will continue to operate from our Antrim headquarters, where we employ around 90 people," he said.
"With the ongoing expansion of our natural gas network across the province, we will have an opportunity to knowledge share with other iCON-owned companies across the world, gain first-hand experience of best practice in other countries and benchmark our company to an international standard."
ICON Infrastructure's current portfolio includes Mountaineer Gas Company, the largest gas distribution network and supply company in West Virginia, USA, and Beckton Energy, the operating company for an environmentally friendly 19MW combined heat and power generation plant under construction in London.
Firmus has invested more than £85m in the gas network here.