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Elequip Projects

Elequip, the Leicestershire-based manufacturer of electrical control products, has been bought out of receivership by Allenwest Integrated Solutions of Brighton, securing the future of 100 jobs.

Elequip Projects is planning to create a further 30 jobs at its Leicester-based electrical engineering business, having won a number of new orders to supply train equipment.

Elequip Projects, the Leicester-based electrical engineering company, has undergone a £5.5m management buy-out from parent company Silvermines Group.