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BGlobal is to sell Utiligroup, its Blackburn-based energy management software division, to a management team backed by private equity firm NorthEdge Capital for £16m.

BGlobal has acquired Draig Technology, the Bangor-based billing software firm, for £0.7m.

BGlobal is planning to expand its East Lancashire-based smart meters business with 30 new jobs and additional work space over the next year.

BGlobal is to acquire Utiligroup, the Blackburn-based provider of energy data management and process solutions, for up to £13m.

BGlobal is planning to create about 30 jobs in East Lancashire over the next year, having won contracts to supply smart meters to Superdrug and Gazprom.

BGlobal has secured a £15m funding package from Barclays to expand its Blackburn-based smart meters installation business.

BGlobal is to raise £7m in a share placing to fund the expansion of its energy meters business.