LGC acquire 36% stake in Kensa
Legal & General Capital (LGC) has acquired a 36% stake in pump equipment and installation company The Kensa Group.
The investment will go towards the company's heat pumps research and development programme, its activities in district heating shared ground loop arrays, and providing zero-cost ground arrays via funding programmes.
The company is currently in discussions with one of Legal & General's housing projects, Inspired Villages Group, to provide ground source heat.
Investing from Legal & General's shareholder balance sheet, LGC focuses on residential housing, urban regeneration, clean energy and venture capital to support the development of cities in the UK.
Company
Truro-based Kensa is a ground source heat pump equipment manufacturer and installation company founded in 1999.
People
Legal & General Capital – Kerrigan Procter (CEO).
The Kensa Group – Simon Lomax (CEO).
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