Lambda Centauri belongs to the Scorpius-Centaurus Association, a group of more than four hundred hot O-type and B-typestars that share a common origin in the far past, but are now spread across a wide region of the southern skies.
This is a binarystar, with the primary being a bluegiant, probably rotating rapidly enough to deform itself into an oblate form. The giant has a smaller companion with about a fifth its mass, orbiting the primary over a period of centuries at a distance of some 100 AU. There are some indications that the system may have a third component in a more distant orbit still, though this is unconfirmed.