The acquisition of PE Corporate Services will allow the global firm to better serve its clients in Africa.
Leading global advisory, broking, and solutions company Willis Towers Watson announced its agreement to acquire PE Corporate Services (PECS), a well-established management consultancy and remuneration advisor based in South Africa. PECS, which was established 70 years ago and has employees in offices in Johannesburg and Durban, offers a range of services related to salary surveys, remuneration advisory services, and learning and development, both in South Africa and across sub-Saharan Africa. It’s a dynamic business with a strong and resourceful team which has already been working with Willis Towers Watson for several years.
George Bishop, Head of Willis Towers Watson South Africa, said the acquisition enables their talent and reward business to offer more to their clients, particularly those core services that include salary surveys, remuneration advisory services, learning and development.
The PECS team will move into the existing Willis Towers Watson South Africa offices. The transaction is expected to close before the end of Q1 2020. The terms of the transaction were not disclosed.
Melanie Trollip, Managing Director of PECS, said: “Our mission has always been to be leading advisors to leading companies. This transaction will enhance our ability to meet the growing need, from multi-national clients for assistance in Africa, which has been one of our most important strategic objectives. We are delighted to become part of Willis Towers Watson, with whom we have been proud to be associated with for many years. We are looking forward to playing a full and meaningful role in the talent and reward business, providing clients with an even broader range of top-quality products, services and expertise.”
The acquisition strengthens the human capital and benefits capabilities of Willis Towers Watson South Africa, and complements its global services in talent and reward solutions. PECS and Willis Towers Watson South Africa have been strategic partners since 2014, and today’s announcement reflects Willis Towers Watson’s strategic ambitions for growth in Africa.