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Technology firm eQuality Solutions completes management buy out with £20m investment

A TECHNOLOGY firm offering cognitive disability and mental wellbeing support has completed a management buyout with a £20m investment. eQuality Solutions (eQS) is embarking on a major growth strategy, having completed an MBO of the business led by CEO Andy Gough. eQS secured substantial investment from London-based Shard Credit Partners to fund the MBO and to provide significant funds for follow on acquisitions. The business says it is well placed to grow with ambitious plans to triple revenue over the next three years through a rapid buy and build strategy. From its HQ in Hebburn, the business employs 40 full-time staff with 80 consultants operating nationwide, providing assistive technology equipment, training and its own software solutions that help to remove barriers to learning.

Hitachi and Eversholt Rail to develop GWR intercity battery hybrid train – offering fuel savings of more than 20%

First time a modern UK intercity train, in passenger service, will use alternative fuel Tri-mode train can improve air quality and reduce noise across South West route’s non-electrified stations In a UK-first, Hitachi Rail and Eversholt Rail have signed an exclusive agreement aimed at bringing battery power – and fuel savings of more than 20% – to the modern Great Western Railway Intercity Express Trains that carry passengers between Penzance and London. The 36 longer, faster trains – with their iconic sleek design – have already transformed journeys for passengers in south west England, since their introduction by GWR in August 2018. Now the partnership between Hitachi, the train builder and maintainer, and Eversholt Rail, the trains’ owner, will develop a plan to install batteries on a modern Intercity Express Train. The trial will demonstrate that the innovation meets passenger service and safety standards.

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