Willis Acquires Swedish Broker
NU Online News Service, Oct. 17, 1:33 p.m. EST?Willis Group Holdings, headquartered in London, announced the acquisition of Propacta AB, based in Stockholm, Sweden.
Terms of the deal were not disclosed.
Founded in 1995, Propacta provides employee benefits broker services to corporations in Sweden.
Following completion of the transaction, Willis said, Propacta's 30-person workforce would be integrated with the Stockholm office of Willis AB, the firm's Swedish subsidiary.
The integration would bring the office total to 120 people and merge Willis' property-casualty business with Propacta's employee benefits team.
This transaction follows last month's acquisition by Willis AB of Kombro Risk Management AB, of Goteborg, Sweden, which provides insurance brokering services to the public sector.
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