NETHERLANDS - Watson Wyatt has completed the acquisition of Watson Wyatt Brans & Co, its long-time partner in the Netherlands.
CEO and president of Watson Wyatt Worldwide John Haley said: “The integration will enhance our position in Europe and our ability to provide human capital and financial management consulting to our clients."
He added the strong defined benefit system in the Netherlands made the area "very important" for the firm.
Watson Wyatt Brans & Co. had approximate revenues of US$37m (€28m) in 2006. It currently has 180 associates in five offices throughout the Netherlands.
Banc of America Securities served as financial adviser to Watson Wyatt Worldwide in connection with the transaction, and ABN AMRO Bank assisted Watson Wyatt Brans &Co.
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