Towers Perrin, Watson Wyatt to merge

Consulting firms combine forces to become Towers Watson
||Last Updated: 07/10/2009

Consulting firms Towers Perrin and Watson Wyatt are joining forces to become Towers Watson, in a deal worth about US$3.5 billion.

“The combination of Towers Perrin and Watson Wyatt into Towers Watson will create one of the world’s leading professional services firms, well-positioned for sustained growth and profitability across all geographies and business segments,” said John Haley, CEO of Watson Wyatt who will serve as CEO of the combined company. “Towers Watson will have tremendous global reach and service breadth to meet the growing needs of the world’s largest multinational corporations.”