Hewitt Associates is to acquire New Bridge Street Consultants.

Under the terms of the agreement, Hewitt will acquire 100% of New Bridge Street's existing compensation consultancy business and the new combined entity will be called Hewitt New Bridge Street.

Yvan Legris, head of Hewitt Consulting in the UK, said: "We believe that New Bridge Street's leading position in the UK, added to Hewitt's global reach and experience will be of great benefit to our combined client base, many of whom operate in multiple territories."