Aon plc announced it has acquired Hamburg, Germany-based “cut-e”, a specialist in online talent assessments.
Financial terms of the transaction were not disclosed.
Michael Burke, CEO Talent, Rewards & Performance at Aon, said in prepared remarks that the acquisition “enables us to expand our assessment and selection capabilities into even more situations and geographies, providing even stronger insights and driving improved business performance and reduced volatility for our clients.”
Founded in 2002, cut-e now has 35 offices around the world. It annually assesses more than 12 million candidates across 70-plus countries in over 40 languages, said Aon in a statement.
Its proprietary psychometric talent assessment tools and advisory services enable “clients to make better screening, selection and development decisions,” added Aon.
“In this tight labor market, organizations are keenly aware of the need to quickly fill their talent pipeline with qualified candidates who are the right fit for their organization and link talent measurement to an economically measurable business impact,” said Andreas Lohff, CEO, cut-e. “Combining with Aon’s advanced assessment tools and customized talent solutions will strengthen the value we bring to clients in the assessment and selection marketplace.”
With the addition of cut-e, Aon said its global Talent, Rewards & Performance solution group has nearly 400 assessment and selection professionals, “including award-winning industrial-organizational psychologists who are helping employers use science and data to select and develop employees.”
The founders of cut-e, Andreas Lohff, Achim Preuss, David Barrett and Espen Skorstad, will assume leadership roles in Aon’s Talent, Rewards & Performance solution group.