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Products September 26, 2011
Mercer to Acquire Censeo Corporation
September 26, 2011 (PLANSPONSOR.com) - Mercer announced it has signed a definitive agreement to acquire the business of Censeo Corporation.
Reported by Tara Cantore
Censeo Corporation is a human resource consulting firm offering real-time online leadership assessment products and services to help organizations select, develop, and retain talent. The acquisition builds upon Mercer’s capabilities in strategic talent management.
The transaction is expected to close at end of October and terms of the agreement were not disclosed.
“We believe our clients will benefit from the experience, resources and global reach that result from the combination of Censeo’s business with Mercer’s business,” said Ronald Gross, President and CEO of Censeo, in the announcement. “Both Mercer and Censeo have similar values and share a commitment to excellence, and both have insights into the needs of organizations that want to be best in class when it comes to attracting, developing and retaining the best talent. As a result, our clients can draw upon our combined expertise to improve their competitive position through investing in their most valuable asset, the talent of their people.”