Aon has completed its acquisition of Lorica Employee Benefits following an announcement in March that it would be purchasing the UK consultancy firm.
Lorica Employee Benefits, a specialist provider of consultancy, support and technology in corporate pensions, health, wellbeing and group risk was purchased by Aon in an effort to expand its health and benefits solutions to UK clients.
Aon - a multinational consultant - said at the time of the deal it expected the purchase to add 50% to its market share in the areas where Lorica was strongest.
Lorica has been operating in the UK since 1990 and the combined business will consist of over 400 employees across 11 UK sites.
Lorica Employee Benefits chief executive officer David Battle said: "We've been on a five year programme to ensure Lorica Employee Benefits is a leading provider of employee benefits. Joining with Aon is a continuation of our ambition to grow both the range of services we offer and the number of customers we work with.
"By combining two of the most respected players in the market, we strengthen our offerings and enable the new joint team to bring more experience, intellectual property and unique products to national and international clients."
