The deal will add tremendous value to KPMG’s People & Change practice.
The process of acquisition of Towers Watson’s human resources service delivery (HRSD) practice by KPMG has been completed. Towers Watson is a leading talent and human capital professional services organisation. HRKatha had reported this acquisition deal last month.
In an official communique, Stephen N Chase, US management consulting leader of KPMG’s advisory practice, said, “The combination of our global HR transformation teams solidifies our position as a top-tier HR strategy, transformation and Workday HCM (human capital management) partner. This acquisition enables us to help the world’s leading companies address their most challenging HR issues.”
Liz DeVito, associate director and lead for HR Consulting Research at Kennedy Consulting Research & Advisory, said, “This is a coup for KPMG, which has been making great strides in the HR transformation consulting space over the last few years. Overall, the deal adds tremendous value to KPMG’s People & Change practice.”
Towers Watson’s deep HR function expertise, years of experience providing HR transformation consulting, long-term partnership with Workday, and internal Workday implementation team of cross-functional specialists, create a compelling mix of traditional HR consulting and technology-led innovation in this segment of the HR consulting space.