The Chartered Institute of Personnel and Development (CIPD) has spent £3m buying Bridge Partnership – a consultancy firm that specialises in leadership, organisational development and strategic transformation, it was announced today.
The deal to buy Bridge Partnership – which has worked with the CIPD over the past 18 months on projects including the 'Next Generation HR' research – was only finalised in the last couple of hours.
Jackie Orme, chief executive of the CIPD, said: "In acquiring Bridge, we're building the CIPD's capacity to lead thinking at the most senior levels of the HR profession.
"Bridge brings deep, insight-led thinking and applied expertise in organisational development. We have a shared common focus on driving sustainable performance in organisations."
Tim Littlehales, managing director of Bridge, added: "What's particularly exciting for us now is that with the CIPD's significant research capability and its unique position at the centre of the UK's HR profession, we'll be even better placed to continue developing the insights and innovative approaches that our clients tell us they really value."