Mercer announced Monday it is acquiring Brazilian actuarial consulting and auditing firm GAMA Consultores Associados.
Terms of the deal, which is expected to close before the end of the year, were not disclosed. Mercer said in a news release the purchase will expand Mercer’s footprint in Brazil beyond its existing offices in Sao Paulo and Rio de Janeiro.
“Growth in the Brazilian market is part of our aim to bring innovative and market-leading solutions to clients everywhere they operate,” said David Anderson, Mercer’s president, growth markets region, in the news release. “The combination of GAMA and Mercer will provide a business partner for growth to multinational clients operating in Brazil as well as local and regional clients seeking to expand outside of Latin America.”
GAMA provides actuarial consulting and auditing services for pension and health plans in Brazil; the firm also develops and designs pension plans.
Mercer spokeswoman Mara Ribeiro could not provide further information by press time.