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Economics, government & businessLatest NewsBusiness performanceHR strategyMergers and acquisitions

Xchanging completes purchase of joint HR company

by Mike Berry 22 Jan 2007
by Mike Berry 22 Jan 2007

Outsourcing firm Xchanging has completed the purchase of Xchanging HR Services, its jointly-owned company, from defence and aerospace giant BAE Systems.



Xchanging HR Services was established in 2001, initially to provide HR support services to BAE Systems, and also to capture third-party business.



The outsourcing company has now completed the purchase of BAE Systems’ 50% stake in the jointly owned undertaking.



Xchanging HR Services provides BAE Systems HR with transactional services, including pension administration, remuneration and benefits, learning and development and web-enabled HR capability.



David Rich-Jones, managing director at Xchanging, said: “BAE Systems is our most long-standing client in the HR services sector, and we look forward to delivering continued excellence in our business relationship for the HR community.”



 

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