Shaw Trust acquires Ixion Holdings
Shaw Trust has acquired Ixion Holdings from Anglia Ruskin University. Ixion will continue to operate as a stand-alone company with its own main board, branding and identity, but now under the new sole ownership of Shaw Trust.
Ixion’s Management Board will remain in post with John Govett, Chief Executive, joining Shaw Trust’s Executive Management Team. Rebecca Sudworth, a Shaw Trust Trustee and Director at Peabody, will join Ixion as Non-Executive Director, and will become Ixion’s new Non-Executive Chairman in July, taking over from Adam Sharples.
Ixion will continue to deliver a range employment, skills, enterprise, innovation and justice provision; including ESFA contracts, research consultancy, DWP ESF New Enterprise Allowance (NEA) mentoring, Big Lottery contracts and HMPP ESF CFO 3 provision.
Roy O’Shaughnessy, Chief Executive of Shaw Trust, said: “I am delighted that Ixion is to become a key part of Shaw Trust. Ixion brings many complementary services, including apprenticeships & skills, innovation and business start-up support. We are excited to be able to offer our service users a greater range of support to enable them to achieve their full potential.”
John Govett, Chief Executive of Ixion said: “Given Ixion’s recent growth, we are delighted to now be part of Shaw Trust, and part of a group that can invest in the next phase of our growth strategy and with whom we share the same values of transforming people’s lives.