- Korn Ferry announced it entered a definitive agreement to acquire 3 companies from TwentyEighty, including Miller Heiman Group, AchieveForum, and Strategy Execution.
Korn Ferry announced it entered into a definitive agreement to acquire three companies from TwentyEighty in the leadership development area, including Miller Heiman Group, AchieveForum, and Strategy Execution. This transaction — which is subject to customary closing conditions — is expected to close by November 1.
“We are delighted to find the perfect strategic home at Korn Ferry. We are enthusiastic about what the future will bring from this acquisition in terms of synergistic product and consulting solution offerings for our customers as well as career opportunities for our employees,” said Byron Matthews of Miller Heiman Group, Christoffer Ellehuus of Strategy Execution, and Scott Bohannon of AchieveForum in a statement.
Miller Heiman Group is known for specializing in transforming sales performance and customer experience. AchieveForum offers frontline leadership development. And Strategy Execution provides organizational and project management training.
These three companies combined have trained thousands of professionals and hundreds of clients across the globe and have substantial expertise in sales performance and customer experience, frontline leadership development, and project management — which will greatly benefit future clients.
These companies are going to be part of a newly branded Korn Ferry Digital (formerly the Products Group) — which works closely with Consulting and will provide clients direct access to data, insights, and analytics from one of the world’s most comprehensive people and organizational databases. And the addition of these three companies are expected to further expand Korn Ferry’s vast intellectual property and content and leverage the firm’s digital delivery platforms.
“The combination brings a world-class portfolio of learning, development, and performance improvement offerings and expertise to Korn Ferry and will bolster our firm’s substantial leadership development capabilities,” added Korn Ferry CEO Gary Burnison.
The corporate training and education market represents more than $300 billion, which includes retraining employees to meet the changing demands of today’s dynamic business landscape. And the acquisition of the three businesses are expected to accelerate Korn Ferry’s ability to capture a share of this significant market.
The terms of the deal were undisclosed. And the acquisition is expected to be accretive to adjusted earnings in the first year of Korn Ferry’s ownership.