The long-standing alliance which makes up Watson Wyatt Worldwide has been made formal, with Watson Wyatt & Company Holdings and Watson Wyatt LLP in January signing a letter of intent to combine the two firms.
Watson Wyatt and Company currently owns around 20 per cent of Watson Wyatt LLP and will be acquiring the remaining assets of the company for around US$451 million in cash and stock.
The two companies have been successfully operating in alliance since 1995 as Watson Wyatt Worldwide.
The combined organisation will have estimated revenues of more than $1.1 billion and will include more than 6,000 associates in 88 offices in 30 countries.
