Professional services firm KPMG has acquired the Human Resources Service Delivery Practice of Towers Watson to strengthen its global HR transformation skills. Financial information about the deal has not been disclosed.
The Human Resources Service Delivery Practice (HRSD) of talent and human capital services firm Towers Watson is a recognised leader in HR transformation. The HRSD practice has deep expertise in HR service delivery and developed technology skills to keep pace with the development of cloud-based solutions.
In line with its aim to strengthen its global HR transformation capabilities, professional services firm KPMG decided to acquire the HRSD practice of Towers Watson. KPMG, in cooperation with other member firms of KPMG International, will buy Towers Watson’s HRSD practice resources in the US, the UK, China, Hong Kong, Canada, Singapore and the Philippines.
Commenting on the deal, Mark Spears, KPMG’s Global Head of People and Change and Leader of the Global HR Centre of Excellence, says: “Globally we are making tremendous progress in HR transformation and this is being recognised by clients and analysts alike. This acquisition significantly increases our capacity and ability to serve our global clients in all geographies.”
Stephen Chase, US Management Consulting leader of KPMG’s Advisory practice, adds: “We are excited to have this experienced group of industry-leading HR consultants join the KPMG team. 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.”
Mike DiClaudio, Global Leader of Towers Watson’s HRSD practice – who joins KPMG as a Principal, also expresses his excitement about the incorporation of the HRSD practice into KPMG. “Our practice helps clients create the optimal HR function by aligning their people, processes and technology. We’re a team that’s passionate about our clients’ success. Our capabilities and experience fit very well into KPMG’s strategy and organisation. We are excited to continue helping HR leaders improve the quality and efficiency of the services they provide to their organisation.”