Xafinity has acquired Hazell Carr in a bid to strengthen its position within the market.
Xafinity is a provider of pensions software, employee benefits consultancy and pensions administrator, while Hazell Carr primarily focuses on pensions administration, self-invested personal pensions provision and business process outsourcing.
The combined group will have about 1,500 UK employees and will be led by Tim Robinson, Xafinity’s chief executive. David Carr and Graham Hazell, who founded Hazell Carr will consult with Xafinity during the integration phase and will then step back from their executive responsibilities.
Time Robinson, chief executive of Xafinity, said: “This transaction brings together two respected brands with long track records of service and delivery and marks an important step towards creating a more consolidated, efficient marketplace.”