Mercer has signed a definite agreement to acquire Norwegian-based investment and pension consulting firm Pensjon & Finans.
Terms of the agreement were not disclosed and closing of the transaction is subject to regulatory approval and other conditions, Mercer said today.
Established in 1997, Pensjon & Finans works for the institutional market in the public and private sector. The takeover will give their existing clients access to Mercer’s broad range of services while keeping the same consultants as in the past.
Pensjon & Finans’ CEO Espen Kløw will take up the role as head of Mercer investment consulting in Norway after the acquisition is finalised, while founder Caspar Holter continues at Mercer immediately.
“Mercer is a leader in global investment consulting and Pensjon & Finans has an outstanding reputation and impressive relationships in the Norwegian market,” said Nicolai Berg, head of Mercer’s Nordic investments business.
“Many institutions are requiring more specialist advice as well as global capabilities and the combination of resources of Mercer and Pensjon & Finans will ensure that our Norwegian clients will benefit from the acquisition.”
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