Acquisition Expected to Be Closed in the Fourth Quarter, Financial Details Not yet Revealed
Alight Solutions, a leader in Technology-enabled Health, Wealth and HCM, and Financial Management solutions revealed that it had signed an agreement to acquire NGA Human Resources. The companies did not disclose the financial details of the proposed transaction. NGA HR has availed of the services of Goldman Sachs International as its exclusive financial advisor. Alight Solutions will acquire NGA HR in the fourth quarter.
Alight Solutions is a leading provider of Human Capital Management (HCM) platform. It brings together data-driven, consumer-centered technology with personalized care and service in order to deliver advanced customer experience to its clients. It looks into the health, wealth, and HR aspects of its client companies and their employees.
Chris Michalak, CEO of Alight said, “As Alight continues to grow its core businesses of health, wealth, HCM and financial solutions, adding NGA HR’s global HR and payroll capabilities will allow us to expand the breadth of solutions we deliver for clients around the world. Providing multi-national companies with access to industry-leading benefits administration in North America, along with global payroll and HR solutions, supported by superior technology will allow Alight to better serve our clients in every geography in which they operate.”
The Combination Will Bring Together Their Respective Strengths and Provide Greater Value to Clients
NGA is one of the foremost providers of multi-country payroll and digital HR services. It is a 50-year old organization. NGA has over 250 clients with about three million employees to whom it provides high-quality HR and Payroll services. It serves companies in over 188 countries. Its industry-leading technology platform hrX provides organizations with a central point of access to their payroll and HR solutions including analytics. Another one of its technology platform, euHReka multi-tenant Cloud payroll platform, supports payroll in 51 different nations across the globe.
Andy Monshaw, CEO of NGA HR, was excited at the prospect of opportunities the combination made possible. “Adding NGA’s capabilities to Alight’s will allow us to bring together our respective strengths and to provide greater value to our clients,” he said.
James Reynolds, a Non-Executive Chairman of NGA HR, thanked Andy and all NGA HR employees for their contributions towards the success of the company.
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