Aon Corporation announced that it has completed its merger of Hewitt Associates, Inc. with a subsidiary of Aon, creating Aon Hewitt, a "global leader in human capital solutions and services, benefiting clients, colleagues and stockholders in several ways," according to Greg Case, president and chief executive officer of Aon.
The combined Aon Hewitt has revenues of $4.3 billion and 29,000 colleagues globally. Revenues for fiscal year 2009 consist of 49 percent from consulting services, 40 percent from benefits administration and 11 percent from HR business process outsourcing.
"The completion of this merger marks yet another important milestone in the history of Aon and is an industry-changing event that will create new standards in the human capital space," says Case. "Through Aon Hewitt, we will provide our clients with a broader portfolio of innovative products and services focused on what we believe are two of the most important topics facing today's global economy—risk and people."
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