Towers Watson acquires Saville Consulting
Towers Watson has acquired a software company that provides psychometric assessments of job applicants.
Arlington-based Towers Watson said Monday it had purchased Saville Consulting, based in the United Kingdom, for about $64 million. The company helps companies recruit and develop employees through its psychology expertise and proprietary software. Its online assessments are used in 80 countries.
Saville Consulting will continue to operate as usual.
Julie Gebauer, global leader for Towers Watson’s Talent and Rewards business segment, said: “Saville Consulting’s portfolio adds online tools which test ability, assess potential and screen for behavioural strengths. In combination with our engagement and talent software, we can readily help companies that want efficient, technology-enabled solutions to identify and develop talent.”
The transaction is not expected to change Towers Watson’s financial expectations for fiscal year 2015.