Announced
Completed
Financials
Tags
heat pumps
Machinery: Specialty
United Kingdom
Acquisition
Domestic
Minority
Private
Completed
Friendly
Single Bidder
Synopsis
Octopus Energy, a British renewable energy group, and Legal & General, a British multinational financial services and asset management company, completed the £70m investment in The Kensa Group, a heating equipment supplier. “The heat pump revolution is off to a flying start: it’s a tried and tested replacement for gas boilers and can drive down consumers’ energy bills for good. Backing Kensa will help rapidly expand Britain’s fast-growing ground source heat pump economy. This is a huge milestone for our exciting new energy transition fund, as we invest in ambitious companies rolling out tech to turbocharge the clean energy shift,” Zoisa North-Bond, Octopus Energy CEO.
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