Mercer, a global consulting leader in advancing health, wealth and career and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), announced today that it has agreed to acquire Frankfurt-based Promerit, a leading consultancy specializing in HR digitalization and business and HR transformation. The terms of the agreement have not been disclosed and the transaction closing is conditional on merger control approval.
With this move, Mercer enhances its position in the German market, strengthening its ability to help clients face the challenges of a digitalized world. While new technologies, globalisation and demographic change are forcing companies to adapt their business models and align them with new requirements, Mercer believes that the decisive factor for success is people. Promerit believes that people make the difference, and transform challenges into opportunities.
”Business, people and digital transformation are the core competencies of Promerit, and they are a market leader in Germany for the development and integration of HR cloud systems,” explained Achim Lüder, CEO of Mercer in Germany. “Mercer supports companies not only in the areas of occupational pensions and investments, but also in the areas of M&A, remuneration, international assignments, talent strategy, and a growing capability in the implementation of cloud based technologies. This acquisition will enable us to bundle our strengths. In the future, our customers will benefit even more from the combination of local expertise and global know-how as well as from innovative and digital solutions”.
“Promerit and Mercer create a strong client proposition for successful business and HR transformation. We not only complement each other in our capabilities and expertise, we also share the same values, the great commitment to our clients and passion to move our people forward in their careers,” said Kai Anderson, co-founder and board member of Promerit.
Notes to editors
This is an English summary of the German press release which can be found here. Further details will be announced in due course.
Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 22,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With more than 60,000 colleagues and annual revenue over $13 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer.
About Mercer Germany
With more than 600 employees, Mercer Germany is represented in Berlin, Dusseldorf, Frankfurt, Hamburg, Leipzig, Munich and Stuttgart. Mercer focuses on consulting services in regards to occupational pensions, remuneration, Human Capital strategy, M&A, investments as well as pension administration. Follow Mercer Germany on @mercer_de.
Promerit (www.promerit.com) is a leading consultancy for HR management, transformation and digitization in the in the German-speaking area. It employs more than 100 employees at locations in Frankfurt, Munich, Zurich and Györ (Hungary) and supports national and international customers with a combination of strategic consulting, innovation and implementation expertise. Promerit has received several awards for consulting excellence.