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Tech group Everflow set to expand after completing management buyout

A hotly-tipped County Durham tech firm has announced expansion plans after completing a partial management buyout.

Peterlee-based Everflow comprises business water supplier Everflow Water and software developer Everflow Tech, and the group is planning to expand its range of services to other utilities outside of the water market. The company – which was named the third fastest growing business in Europe in 2021 – has announced a management buyout by its existing management team, with the deal marking a partial exit for lead investor Perwyn.

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