Equitus reveals new group structure
Equitus has announced a new business model which includes four separate yet integrated companies.
The transition to a group structure follows a period of growth for the Manchester, London and Bangalore based business.
What was Equitus Engineering is now Equitus World, and the parent of Equitus Engineering, Equitus Design and Equitus Innovations.
Equitus World has worked with clients including Babcock, European Space Agency, Pall Corporation, Sellafield, STFC, Centrax Gas Turbines, AMOT Corporation, and Kawasaki.
The business is led by Founder and CEO Raam Shankar and recently delivered a design validation of battery racks for Magtec, the UK’s largest manufacturer of electric and range-extended vehicle drive systems.
Raam, TEDx Alumni, said Equitus World is now entering the most exciting phase in its six-year history.
“We decided to reposition the business model from one to four separate yet integrated companies, each with their own domains. This approach will enable Equitus to pursue our objectives with more clarity while providing clearer value and solutions driven work for our clients.”
Magtec currently has hundreds of drive systems operating in trucks around the globe and is based in the heart of Sheffield’s manufacturing hub.
Equitus World’s scope of work for Magtec included Finite Element Analysis (FEA), a computerised method for predicting how a product reacts to real-world forces, vibration, heat, fluid flow and other physical effects.
Raam said Equitus World is one of a small selection of companies with high level technical proficiency capabilities in FEA.
The collaborative project has ensured that Magtec’s racks – which when loaded with batteries weighing a combined 1260 kgs subject them to forces six times that of earth’s gravity – are safe while also providing assurance to electric truck manufacturers.
Design validation included alignment with five United Nations Sustainable Development Goals (UN SDGs).
“Working in such a progressive and collaborative way with Magtec has been a great pleasure,” said Raam.
“Magtec approached Equitus to do some design validation of their battery racks, we assessed the design and offered Magtec recommendations that were accepted.
“The wide spectrum of our capabilities and experience in FEA means that we select the right analysis approach whether that is problem physics, application, idealisation (shells, beams, solids) contact setup and modelling, and a range of static and dynamic loading conditions.
“For Magtec, the weight being carried over the frames was two batteries of 230 kgs each and four batteries weighing 200 kgs. Our capabilities, coupled with MAGTEC’s commitment to safety, provided validation and assurance in design to electric truck manufacturers. In the year of COP 26 being held in Glasgow, we feel that UK companies collaborating on UN SDGs is a positive thing.”