Aon Sweden AB, the Swedish business of Aon plc (NYSE:AON), today announces that it has acquired Strive Advisory AB (Strive). This acquisition will strengthen Aon Hewitt’s, a subsidiary of Aon Sweden, capabilities in the performance and compensation consulting practice. The purchase price was not disclosed.
Strive is an advisory firm specializing in incentives and pay structures. The company assists clients by analyzing, designing and implementing compensation systems. Strive Advisory was established in 2007 and consists of six consultants. The acquisition will strengthen Aon Hewitt’s position as the leading Human Capabilities advising firm in the Nordics.
– We are very satisfied with this announcement. I’ve worked closely with Strive the past year and I’m certain that this acquisition will make Aon Hewitt by far the strongest Human Capabilities advising firm in the Nordics, says Lex Verweij, Head of UK & Europe Aon Hewitt.
– We’ve invested in an area where demand is increasing and our clients ask for more support. Together with Strive we will be able to deliver the full scope of our services and expand our relationships with clients, continues Jacob Schlawitz, CEO Aon Sweden.
– This is a great opportunity for a small innovative company to leverage the expertise of a global company. Together we can help clients with solutions in a rapidly changing environment, says Andreas Lauritzen, founder and senior advisor at Strive Advisory.
Andreas Lauritzen is appointed CEO of Aon Hewitt AB 1st of January 2013.
About Aon Sweden
Aon Sweden is Sweden’s leading provider of risk management, insurance and reinsurance, and human resources solutions and outsourcing services. Aon Sweden has a strong local engagement and global resources and technical expertise. Aon Sweden was established in 1992 and has 250 employees in Stockholm, Gothenburg and Malmoe. For more information on Aon Sweden visit www.aon.com/sweden/
About Aon Hewitt
Aon Hewitt is the global leader in human resource solutions. The company partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance. Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit www.aonhewitt.com
About Strive Advisory
Strive Advisory was founded in 2007 and is an advisory firm specializing in design, implementation and communication of incentives and pay structures. Strive help their clients to form compensation systems that capture the company´s unique situation and support the business strategy through clear linkage to long term value creation. For more information on Strive Advisory visit www.striveadvisory.com