Hewitt Associates today announced it acquired the rest of German consultancy BodeHewitt, spokesman Colin Mayes said.
Terms were not disclosed.
Hewitt had a 28% stake of BodeHewitt, which was established in 2005 as a corporate pension consultant joint venture between Hewitt and Bayerische Hypo- und Vereinsbank.
BodeHewitt will become Hewitt's German retirement and financial management consulting division. Olaf Petersen and Georg Thurnes, currently board members of BodeHewitt, will jointly lead the practice, Mr. Mayes said.
Niels Rasmussen will continue as managing director of Hewitt Associates in Germany.