Global professional services company Towers Watson has completed the acquisition of EMB, a non-life consulting and software company.
The transaction, which was announced on Nov. 9, 2010, will result in the formation of the largest non-life actuarial consultancy in Europe and one of the largest in the world, according to Towers Watson.
EMB will now become part of Towers Watson’s global Risk Consulting and Software business through the transfer of staff, physical assets, software and intellectual property. As part of the acquisition EMB partners will also become Towers Watson employees, with several filling management roles.
Rory O’Brien will lead Towers Watson’s Insurance Management Consulting practice.
The acquisition is expected to be slightly dilutive to Towers Watson’s adjusted diluted earnings per share in fiscal 2011 but the firm said it does not change its financial expectations for the fiscal year ending June 30, 2011.