It’s now a done deal for broking giant Aon and executive search and consulting firm Spencer Stuart.
Without disclosing the financial details of the transaction, Aon announced that it has completed the sale of its culture & engagement and leadership development & advisory businesses as well as related products and services.
According to the group, the move is aimed at helping accelerate investments in core growth areas. In addition, selling the businesses will contribute to improving the return on invested capital for the company’s shareholders.
Meanwhile, the transaction will not lead to Aon’s departure from the talent sector. In a statement, it explained: “Aon will remain in the talent business focused on its rewards, assessment, and performance capabilities that help drive growth and manage people risks that organisations face.
“Connecting the firm’s people analytics to Aon’s broader risk analytics leads to new sources of client value while demonstrating the power of Aon United across solutions.”