Lumera, the European insurtech company, has agreed to acquire UK consultancy firm Acuity for an undisclosed amount.

Following the acquisition, Acuity will join Lumera’s UK organisation, increasing the firm’s UK headcount to around 165 employees.

Lumera, headquartered in Stockholm, said the deal would add significant pension policy and delivery capabilities to its UK business, alongside established relationships with some of the country’s largest schemes, including the NHS and Civil Service Pension Schemes, as well as central government departments.

Acuity specialises in complex pensions and workforce reform programmes for public sector pension schemes, supporting clients on major change initiatives, programme management and evidence-led communications strategies.

Lumera Group chief executive officer, Jonas Alfredson, said the acquisition was aligned with the group’s strategy to strengthen its presence in key markets and sectors.

“Joining forces with Acuity adds major new clients and capabilities, in line with our strategy to strengthen our foothold in strategically important sectors in key markets,” Alfredson stated.

He added that combining Acuity’s expertise across health, central government, and the wider public sector with Lumera’s technology capabilities would create new growth opportunities in the UK and enhance its client offering.

Also commenting, Acuity director of programmes, Pippa Campbell, claimed the consultancy’s shared values with Lumera made the deal a strong strategic fit.

“Our shared values of simplifying complexity and customer-first thinking in the complex world of pensions make Lumera the perfect partner for our consultancy team,” Campbell continued.

She added that Acuity was looking forward to bringing its programme management and behavioural insight experience to Lumera’s portfolio and contributing to the future of pensions advisory and administration.

This article originally appeared on our sister title, PensionsAge.

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