German occupational pension solution provider MRH Trowe & Lurse is to acquire pension consultant Heubeck AG for an undisclosed amount.

As part of the acquisition, MRH Trowe & Lurse, which is an umbrella company of insurance company MRH Trowe, will acquire all shares in Heubeck AG from the founding family, S-PensionsManagement GmbH and VKVG GmbH & Co KG. The acquisition is still subject to approval by the relevant antitrust authorities.

However, Heubeck will continue its independence as a partner of the MRH Trowe & Lurse Group, and Heubeck's management will also remain on board.
The acquisition will see the two companies pool their expertise to form a 500-strong occupational pensions team, in which it aims to play a leading role in actuarial consulting and the accounting valuation of pension obligations in Germany.

Heubeck has operated for over 75 years and is a highly regarded service provider for all issues relating to occupational pension schemes. It has around 200 employees, including more than 70 actuaries, who focus on actuarial valuations and consulting for companies, occupational and company pension schemes and the administration of commitments.

For decades, the Heubeck mortality tables have set the standard for the balance sheet valuation of German pension obligations and have made the company famous worldwide.

MRH Trowe & Lurse, with over 300 employees, is also a well-known provider of company pensions and benefits. In recent years, the company has become the technology leader in the rapidly growing business field of digital portfolio management for occupational pension schemes with its digital platform P-LIVE.
Commenting, MRH Trowe & Lurse GmbH managing partner and MRH Trowe AG Holding member of the management board, Matthias Edelmann, said: "The constellation of two strong partners sharing a common vision for the future is a great opportunity for both companies. The areas of expertise of MRH Trowe & Lurse and Heubeck complement and reinforce each other.”

"We are very proud that such a renowned company as Heubeck AG, with its outstanding reputation, is now part of our group. With this acquisition, we are demonstrating our determination to continue our growth course and further consolidate our position as a leading consultant in company pension schemes. We look forward to working with Heubeck, the team and, of course, Heubeck's clients."

In addition, Heubeck CEO, Susanna Adelhardt, said: "With our strength in the field of actuarial services – documented not least by the importance of the Heubeck mortality tables – we bring an important asset to the collaboration with MRH Trowe & Lurse.

"We can ideally combine our expertise and thus substantially improve the offering for our customers in the area of company pension schemes and related, complementary consulting and services. In this way, we are creating a complete and balanced occupational pension offering, from consulting to valuation and administration. An ideal prerequisite for Heubeck to continue to grow."

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