KPMG announced it has entered into an agreement to acquire Towers Watson’s Human Resources Service Delivery (HRSD) practice.
Towers Watson’s HRSD practice is a major player in HR transformation with expertise in HR service delivery. “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. “With talent and culture change topping company board agendas, business leaders are looking for providers who understand the linkage between HR management and broader business goals.”
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.
“Globally we are making tremendous progress in HR transformation and this is being recognized by clients and analysts alike. This acquisition significantly increases our capacity and ability to serve our global clients in all geographies,” said Mark Spears, KPMG’s global head of People and Change and leader of the Global HR Centre of Excellence.
The acquisition marks KPMG’s sixth transaction in the HR transformation space in the past four years. KPMG has also acquired EquaTerra, Optimum Solutions, The Hackett Group’s Oracle Enterprise Resource Planning practice, Zanett Consulting Solutions, and the Workday practice of Axia Consulting.