North East tech firm acquires London diversity consultancy in seven-figure deal
A North East technology specialist has acquired a London-based diversity and inclusion consultancy in a seven-figure deal.
Hebburn-headquartered eQuality Solutions Group (eQS) has acquired Equality Works Group (EW Group).
eQS specialises in technology for cognitive disability and mental wellness, while EW Group specialises in supporting companies to implement fair and inclusive working cultures and tackle discrimination in the workplace, including racism and sexism.
This is the second acquisition for the North East firm as part of its ‘buy and build’ growth strategy, and will support the firm’s ambition to reach £30m turnover by 2023.
eQS CEO Andy Gough commented: “This acquisition is a critical step for eQS in the workplace market and our plan is to make further strategic acquisitions as we continue on our pathway to become the global leading provider in this specialist space across various sectors and geographies.
“The past couple of years have not only seen a global health crisis but also an awakening regarding social issues. Social movement campaigns such as ‘Black Lives Matter’ and ‘Me Too,’ as well as the Government’s push for diversity at board level and Gender Pay Gap reporting requirements, have all brought to light key issues.
He continued: “EW Group shone as a leading light in the ED&I market and quickly became our top choice for our next acquisition due to its outstanding reputation. Upon first meeting with EW Group founder Jane Farrell, there was clear synergy.
“I believe we have a great mutual respect with regards to business culture, values and passion for doing good, and there was an instant comfortable feeling that we would work well together.”
EW group founder, Jane Farrell, added: “Meeting eQS came just at the right time. The team stood out for understanding our journey and demonstrating a passion for protecting the EW Group brand identity and developing its legacy.
“The market is building momentum and I see my role in our new phase of growth with eQS as being a brand steward for EW Group; helping to maintain our authenticity but also excited to see it evolve as part of an exciting new chapter.”
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