Penna acquires Savile Group
The acquisition bid was initially announced on 12 November 2013, with Savile shareholders reviewing and considering the offer over the last three weeks. The bid was confirmed today as 75% shareholder agreement was reached.
Penna is a global HR services provider with expertise spanning the entire employment lifecycle – from resourcing, executive search, executive interim and assessment to coaching, learning and development, performance and change and outplacement.
Savile Group Plc has three main companies Fairplace - a career transition business offering outplacement and career management, Cedar- a talent management consultancy offering leadership and management development, coaching,team development, talent strategy and assessment, and IDDAS- a board evaluation practice.
Gary Browning, CEO of Penna said, “The Savile Group is a respected brand with over 200 clients. This move will consolidate our position as the UK's leading provider of career transition service, and will allow us to develop even stronger propositions within careers advice and development, Learning and Development, talent management, coaching, and assessment. We know that the tradition and culture of both companies is about offering the highest quality consultancy and we look forward to anexciting future together, delivering an exceptional and highly competitive blend of services to our clients.”
The process for the integration of the companies has already begun, with planning and design of the new organisation set to continue between now and 31 December 2013. Detailed implementation will commence in January and be complete by 31 March 2014.
Browning continued, “I have been truly impressed by the quality and professionalism of the Savile Group team, and I’m very excited about the organisation we will be building together. Our clients should be assured that there will be no disruption to their service and that going forward we will be able to offer even greater breadth and depth of expertise around the employment lifecycle offeringsolutions and advice in Recruitment, Careers, Talent Management and Board Effectiveness.”