Towers Watson has acquired international psychometric assessment business Saville Consulting for £42 million.
It made the acquisition to help strengthen its position in the HR software provider market.
Saville Consulting will operate its business as usual for the foreseeable future to preserve continuity of client teams and services..
Julie Gebauer, global leader for talent and rewards at Towers Watson, said: “With the addition of Saville Consulting’s market-leading online assessment tools to our suite of HR software, data, analytics and advice, we have a powerful offering to address the big and growing area of leadership and talent.
“Saville Consulting’s portfolio adds online tools which test ability, assess potential and screen for behavioural strengths.
”In combination with our engagement and talent software, we can readily help businesses that want efficient, technology-enabled solutions to identify and develop talent.
“While we will ensure that our clients receive seamless service, we will also focus on opportunities to leverage the resources and expertise of the combined organisations to develop new products and services that help our clients build strong leadership and talent.”
Peter Saville, chairman and founder of Saville Consulting, added: “Saville Consulting has grown rapidly during the past decade to a point where over two million individuals used our online tools in the past 12 months.
“To further accelerate our growth and significantly extend the use of our tools, we need greater reach, which we will gain as being part of Towers Watson.
”In addition, Towers Watson and Saville Consulting complement each other strategically, and I’m confident that our clients will experience the same commitment to excellence and innovation.”