Mercer Human Resource Consulting announced Friday that it has acquired Pendia Associates.
The purchase of Pendia, a Swiss-based organization focused on retirement and investment consulting and pensions administration services, represents the latest effort by Mercer to expand its global operations, the firm says.
“With its large share of multinational companies and the size of its occupational pensions market, Switzerland is a key strategic market for us,” says Simon O’Regan, Mercer’s head of Europe. “Pendia is an excellent fit with our business. Its services complement our own and we can achieve the critical mass we are seeking. The added strength in pension outsourcing is a particular benefit in the context of the growing client demand for bundled services.”