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.”