Legal & General completed the acquisition of a 36% stake in The Kensa Group.

Legal & General, a multinational financial services company, completed the acquisition of a 36% stake in The Kensa Group, one of the UK’s largest players in the ground source heat pump technology sector. Financial terms were not disclosed. "This significant investment will allow the Kensa Group to strengthen its market-leading position by accelerating Kensa Heat Pumps' research and development programme, expanding Kensa Contracting's district heating shared ground loop array activities, and providing zero-cost ground arrays via innovative funding programmes through Kensa Utilities. The investment also provides the opportunity to install our systems at scale at sites being developed by Legal & General's property business portfolio, contributing towards the UK's ambitious 2050 net zero carbon target," Simon Lomax, Kensa Group CEO.