KPMG has entered into an agreement with Towers Watson to acquire the company’s human resources service delivery (HRSD) practice.
Financial terms of the agreement were not disclosed.
Read: Willis, Towers Watson to merge
“We are excited to have this experienced group of industry-leading HR consultants join the KPMG team,” says Stephen N. Chase, U.S. management consulting leader of KPMG’s advisory practice.
Through this transaction, KPMG, together with other member firms of KPMG International, will be acquiring Towers Watson’s HRSD practice resources in the United States, United Kingdom, China, Hong Kong, Canada, Singapore, and the Philippines.
As part of the acquisition, KPMG will continue to invest in Towers Watson’s HR Service Delivery and Technology Survey.
The transaction is expected to close in the coming weeks.
The acquisition marks KPMG’s sixth transaction in the HR transformation space in the past four years. In addition to Towers Watson’s HRSD practice, the firm has acquired EquaTerra, Optimum Solutions, The Hackett Group’s Oracle Enterprise Resource Planning practice, Zanett Consulting Solutions, and the Workday practice of Axia Consulting.
Last week, Willis Group announced it would merge with Towers Watson.
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