PIB Employee Benefits has bought benefits technology firm Amba for an undisclosed sum.
PIB told Health & Protection that it was standard for the company not to disclose any of the financials from its acquisitions.
It added while eight members of Amba’s technology and support staff will be joining the team today at PIB, this will exclude the management team.
The brand name has been transferred as part of the purchase, and the firm said it was exploring how it can be integrated alongside its existing brands.
PIB described Amba as a benefits technology firm with a “strong” focus on sustainability and ESG.
It said that both companies were committed to ensuring a “seamless” transition for existing clients, employees, and stakeholders throughout the integration process and no immediate changes will be made.
It added the acquisition of Amba is part of PIB Employee Benefit’s ongoing investment in delivering “innovative benefits solutions and aligning it services to client needs”.
Jo Neary, client services director at PIB Employee Benefits, said: “We are continuously evolving our benefits technology to give clients and their employees an experience that reflects their values and needs.
“Our product and partnership teams will be working closely to roll-out enhanced environmentally focused offerings to all clients.”
David Skinner, managing director at PIB Employee Benefits, added: “We are excited to welcome our Amba colleagues and clients on board, as their sustainability values closely align with ours.”
