Towers Watson to Buy Insurance Consultant, Software Firm EMB
Terms were not disclosed.
London-based EMB provides property/casualty actuarial software and consulting services and recorded sales of 40 million pounds ($64.4 million) in its most recent fiscal year.
The deal is expected to close within the next 90 days and will slightly dilute Towers Watson’s earnings in its current fiscal year. But the company said it was not changing its expectations for the year.
(Reporting by Nick Zieminski, editing by Dave Zimmerman)
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