A UK business energy broker has bought a water management consultancy for an undisclosed sum.

Catalyst Commercial provides a number of services including procurement and risk management, energy efficiency consulting and planning.

It said the buyout of Aqua House will complement its water division and will form part of an enlarged part of its business providing SMEs with commercial water management services and contracts.

Catalyst added the water services market is “significant” for the company as 20% of its revenues come from this area.

Chris Hurcombe, Managing Director at Catalyst Commercial Services said: “There is no doubt that the water sector is fast-moving and by bringing together our joint expertise and experience, we will be in an even stronger position to help our clients meet the challenges and opportunities that the new de-regulated water market provides.”

Ealier this week regulator Ofwat was blamed for high water bills by a committee of MPs.