The latest merger news from MRH Trowe for you;
The merger of two heavyweights has created a new big player in the occupational pensions market. MRH Trowe & Lurse is acquiring all shares in Heubeck AG from the founding family, S‑PensionsManagement GmbH and other shareholders. The corresponding agreement has been signed.
MRH Trowe & Lurse, a strategy consultant and specialist for HR and occupational pension systems, and Heubeck, a long-established consultant in the occupational pension sector and actuarial service provider, are pooling their expertise and combining their strengths to play a leading role in actuarial consulting and the valuation of pension obligations. Together with Heubeck, MRH Trowe & Lurse is thus continuing the consistent growth course of recent years. The new profitable partnership consolidates MRH Trowe & Lurse’s position as an innovative partner for companies, insurers, investment companies and company pension institutions in all matters relating to company pensions – whether strategic, legal, actuarial, business management or administrative.
With over 75 years of tradition and significance for the development of occupational pension schemes in Germany, Heubeck is a highly respected company that has developed into a comprehensive service provider for all issues relating to occupational pension schemes. The almost 200 employees, including more than 70 actuaries, focus on actuarial valuations and consulting for companies, occupational and company pension schemes and the administration of commitments. For decades, the Heubeck actuarial tables have set the standard for the balance sheet valuation of German pension obligations and have made the company famous worldwide.
With over 300 employees, MRH Trowe & Lurse is also a well-known, recognised and sought-after all-round provider of company pensions and benefits. With its digital platform P·LIVE, the company has become the technology leader in the rapidly growing business field of digital portfolio management. P·LIVE enables companies, insurers and investment companies to streamline and efficiently handle their entire occupational pension administration. Thanks to its first-class expertise, MRH Trowe & Lurse is able to satisfy the growing demand for digital portfolio management.
The merger between MRH Trowe & Lurse and Heubeck opens promising prospects for company and occupational pension schemes. In future, the two companies will jointly develop and offer innovative occupational pension solutions. They will multiply their capabilities in analysing, valuing and forecasting occupational pension commitments. At the same time, they are expanding their range of services for the pension management of internationally active companies, including by offering global expert opinions via Lurse partner MBWL. Together, MRH Trowe & Lurse and Heubeck have over 500 experts who can provide answers to all questions relating to personnel and pension management as well as the associated actuarial valuation and financing issues
Heubeck will continue to operate independently as a partner of the MRH Trowe & Lurse Group. Heubeck’s management will remain on board.
“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,” says Matthias Edelmann, Member of the Management Board of MRH Trowe AG Holding and Managing Partner of MRH Trowe & Lurse GmbH. “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 the field of company pension schemes. We are very much looking forward to working with Heubeck, the team and, of course, Heubeck’s clients.”
“With our strength in the field of actuarial services – documented by the importance of the Heubeck mortality tables – we bring an important asset to the collaboration with MRH Trowe & Lurse,” says Susanna Adelhardt, CEO of Heubeck AG. “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.”
“I am delighted that Heubeck AG will be able to continue to play an international role as a German company in the future,” says Prof Dr Klaus Heubeck. “Smart solutions are needed for the increasing demands of regulation, administration and further digitalisation. Heubeck and MRH Trowe & Lurse will utilise their expertise in the future and offer all relevant services at the highest level. In this way, we will continue to powerfully expand our core business. With the merger, Heubeck AG and its corporate philosophy will be continued and expanded in a successful environment.”
“By entering into a strategic partnership with Heubeck AG, we are expanding our range of services with first-class actuarial expertise. With a total of 1,700 experts in the future, we will offer comprehensive services in risk management, company pensions and financing, which will provide added value for both our customers and our partners”, explains Ralph Rockel, CEO of MRH Trowe AG Holding.
The acquisition is still subject to approval by the relevant antitrust authorities. The parties have agreed not to disclose the purchase price.
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