Aon Corporation has agreed to buy Hewitt Associates Inc. in a cash-and-stock deal valued at nearly $5 billion.
Following the close of the transaction later this year, Aon Consulting will integrate Hewitt operate the segment worldwide under a newly created Aon Hewitt brand.
Aon Hewitt will be run by Hewitt Chairman and Chief Executive Russ Fradin.
The combination of Aon and Hewitt creates a much larger presence in the HR marketplace. The newly formed Aon Hewitt would have revenues of $4.3 billion and 29,000 consultants globally and clients in 120 countries.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.