GLOBAL – US-based Watson Wyatt & Co. says it has completed its acquisition of UK-based affiliate Watson Wyatt LLP.
“Today, Watson Wyatt Worldwide takes an important step forward in serving the global needs of our clients,” said John Haley, president and chief executive officer.
“The combination opens up new opportunities for growth across geographies and service lines and is expected to increase our long-term profitability and stockholder value.”
The combined organization will be a global leader in human capital and financial management consulting services, with over $1.1bn in revenues and 32 countries worldwide.
The company added that it would discuss the impact of the acquisition on its earnings when it releases its fourth quarter figures on August 16.