Mercer Human Resource Consulting acquired the Australian operations of Mellon Human Resources & Investor Solutions, said Stephanie Poe, spokeswoman. The firms completed the transaction Friday through a share transfer. Mercer is not disclosing terms of the deal, Ms. Poe said. Mellon Global Investments was not part of the acquisition. Mercer Human Resource Consulting first announced the pending deal in Australia in February.
"This acquisition further solidifies our pre-eminent position in Australia and our position as the global leader," Brian Storms, global president and CEO of Mercer, said in a statement. "We are confident that integration will be accelerated because of our shared client focused culture."
Officials with Mellon's mergers and acquisitions group were not available by press time for comment.