Towers Watson Buys Saville Consulting For £42 Mln

(RTTNews) - Towers Watson & Co. (TW) said Monday that it has bought Saville Consulting, an international psychometric assessment business, for £42 million.

Saville Consulting's occupational psychology expertise and proprietary software helps organisations recruit and develop talented individuals and teams. Its online assessment tools, which have been rated as the most valid indicator of potential and fit, are used in over 80 countries worldwide. Saville Consulting's revenues for its financial year ending December 2015 are expected to be in excess of £10 million.

Saville Consulting will operate its business as usual for the foreseeable future to preserve continuity of client teams and services.

Towers Watson said the deal does not change its financial expectations for the fiscal year 2015.