News
Xchanging Expands International Human Resource Services with Acquisition of Ferguson Snell & Associates
02 Aug 2006
LONDON, 2 August 2006 – Xchanging, the business processing services company, has acquired Ferguson Snell & Associates, a market leader in immigration services. The acquisition further strengthens Xchanging’s international HR capabilities, by significantly expanding its immigration services to its customers across all industry sectors. These types of specialist services enable corporations to hire foreign nationals to live and work in the UK. It also supports individuals who wish to set up business, be self-employed or retire in the UK, helping them to obtain the necessary official documents such as work permits and visas.
Ferguson Snell & Associates was established in 1985, by founding directors Paul Ferguson and John Snell. The majority of its customers are blue chip corporations; in addition to which the company has also provided services to a number of high-profile professional athletes and entertainers. The company was also instrumental in the thinking behind the establishment of the Office of the Immigration Service Commissioner (OISC), the independent public regulatory body. The directors and their team of 15 will continue in their current roles and responsibilities.
Commenting on the acquisition, David Andrews, Chief Executive Officer of Xchanging, said, "Ferguson Snell & Associates is a strong and profitable business with a great reputation developed over its 21 years. It’s a very exciting deal for Xchanging, adding further expertise and scope to our range of international HR services to customers. Paul Ferguson and John Snell have created the pre-eminent business in its field, and I am delighted that they have chosen to come together with Xchanging.”
Paul Ferguson and John Snell added, “Having achieved great success to date with our company, we are excited about joining Xchanging. We regard Xchanging’s financial strength, global reach and growth prospects as tremendous opportunities for all of us in the team, and we look forward to working with their new and existing customers.”
Rob Donaldson, Head of M&A and Private Equity at Baker Tilly, who advised on the acquisition, commented, "Xchanging is an excellent fit for Paul and John's business. Xchanging will give the business the support to grow to the next level. This is the right deal for Xchanging and the long-term success of the business and we are delighted to have put it together."
For further information, please contact:
Xchanging
Robert White
Corporate Communications Manager
13 Hanover Square
London W1S 1HN
Direct Line: +44 (0)20 7780 6973
Mobile: +44 (0)778 992 3770
Email: robert.white@xchanging.com