Acquisition will expand Alight’s global footprint while providing clients with a broader set of cloud-based solutions across multiple platforms.
Alight Solutions, a leader in technology-enabled health, wealth and human capital management (HCM) and financial management solutions, has recently announced it has signed a definitive agreement to acquire NGA Human Resources, a leading provider of digital HR and multi-country payroll services. The proposed transaction is subject to customary closing conditions.
With a nearly 50-year history, NGA HR brings innovation, high-quality service, HR and payroll expertise to its more than 250 clients, representing three million employees. As one of the largest multinational payroll providers, NGA HR is enabled to deliver HR & payroll services across more than 188 countries. Underpinning NGA HR’s HR and payroll expertise is its industry leading technology platforms including hrX, which provides companies with a centralized point to access their payroll and HR solutions including analytics; and its euHReka multi-tenant cloud payroll platform, which is localized to support payroll in 51 different countries.
“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,” explained Chris Michalak, CEO of Alight. “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.”
“Adding NGA’s capabilities to Alight’s will allow us to bring together our respective strengths and to provide greater value to our clients,” said Andy Monshaw, CEO of NGA HR. “We are excited by the opportunities made possible by this combination.”
James Reynolds, non-executive chairman of NGA HR, said: “The Board would like to thank Andy Monshaw and all of the employees of NGA HR for the huge contribution they have made to the success of the organisation.”
Financial terms were not disclosed. The proposed transaction is anticipated to close in the fourth quarter. Goldman Sachs International is acting as exclusive financial adviser to NGA HR.
SOURCE Alight Solutions
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