Risk, retirement, and health services organisation Aon is to acquire UK-based employee benefits business Portus Consulting.
The acquisition aims to support Aon’s growth strategy for its UK employee benefits business. Portus Consulting will join Aon Employee Benefits, which provides benefits technology, consulting, and brokering services.
The terms of the acquisition have been agreed between the two organisations, subject to approval by the Financial Conduct Authority (FCA), and the acquisition is expected to complete by 31 August 2017.
David Battle (pictured), chief executive officer at Aon Employee Benefits UK, said: “There is rising recognition from organisations of the importance of investing in employee benefits. Employers are increasingly encouraging staff wellbeing and retirement savings, which is putting the UK employee benefits market in a period of steady growth.
“Portus is a great strategic and cultural fit for our business, helping us to consolidate and strengthen our position in the market. Portus has an excellent team, a wealth of knowledge and experiences, along with some great technology solutions which complement our own products and services.”
Dave Middleton, chief executive officer at Portus Consulting, added: “Both the Aon and Portus leadership teams recognise the strong cultural fit between our two [organisations], which will ensure a smooth transition for [employees] and clients alike.”