Author: Patrick Killeen

Stockholm-headquartered InsurTech Lumera has entered into an agreement to acquire Acuity, a Devon-based consultancy specialising in pensions and workforce reforms for public sector pension schemes.

Acuity has long-standing relationships with some of the UK’s largest and most influential pension schemes, including the NHS and Civil Service Pension Schemes, as well as central government departments.

Following completion of the acquisition, the business will join Lumera’s UK organisation, expanding the group’s UK workforce to around 165 employees. Financial terms of the transaction have not been disclosed.