PIB Employee Benefits has acquired Amba, a benefits technology firm with a focus on sustainability and ESG.
This is PIB’s second technology acquisition within the past year, having bought YouatWork in April last year.
Amba launched in 2021, following the rebranding of the employee benefit consultancy PES. As part of this rebrand it launched the Lumina workplace platform, which offered access to a range of ‘ethical’ or ESG benefits. Last year the global benefits consultancy BAS (Benefits Advisory Services) took over the pension consultancy and administration services for Amba, with the company focusing solely on its technology offering.
In the previous few years PIB Employee Benefits has made a number of acquisitions. This includes Creative Benefit Solutions, i2 Healthcare and the UK employee benefits division of Sanlam Wealth Planning.
PIB Employee Benefits says this latest acquisition is part of its ongoing investment in delivering innovative benefits solutions that align services to client needs.
PIB Employee Benefits client services director Jo Neary says: “We are 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.”
Both companies said they were committed to ensuring a seamless transition for clients and employees throughout the integration process. No immediate changes to senior personnel will be made.
PIB Employee Benefits took the award for firm of the year in last year’s Corporate Adviser awards.
