Korn Ferry to buy Hay Group in £311m deal

Korn Ferry has announced that it will be entering a definitive agreement to acquire Hay Group.

The purchase price for the deal is approximately £311million.

Speaking to Executive Grapevine, Gary Burnison, CEO of Korn Ferry, says: “Korn Ferry has been on a path of diversifying the services it can offer to companies and this is a transformational move in that direction.

“The combined strengths of Korn Ferry and Hay Group will strengthen our position as the leading consultancy on leadership and people, with a vast array of expertise to help organisations identify, attract, develop, manage, reward, and retain their people. There are many obvious synergies between Korn Ferry and Hay Group, and we are excited about what the joining of these two great companies can achieve.”