Stockholm-based Lumera has acquired UK-based consultancy Acuity to deepen its footprint in the UK and accelerate growth across the Life and Pensions sector, particularly within public sector schemes. The deal brings Acuity’s long-standing relationships with major clients such as NHS and Civil Service pension schemes, alongside its expertise in pensions policy, programme delivery and behavioural insight, into Lumera’s technology-led insurtech platform. Post-acquisition, Acuity will be fully integrated into Lumera’s UK operations, expanding the local team to around 165 employees and strengthening Lumera’s ability to combine software, advisory and change management services for large-scale pension providers.
Headquartered in Stockholm, Lumera operates across multiple European markets as well as India and Vietnam, positioning itself as a specialist provider of end-to-end technology and expert services for the Life and Pensions industry. The Acuity acquisition marks another step in its ambition to scale in the UK and to play a larger role in the modernisation of complex pension systems.
“Joining forces with Acuity adds major new clients and capabilities, in line with our strategy to strengthen our foothold in strategically important sectors in key markets,” says Jonas Alfredson, CEO, Lumera Group. “Combining their proven expertise across health, central government and other public sector bodies, with our technology prowess will create new opportunities for further growth in the UK, enhance our client offering, help attract more clients, while reinforcing our commitment to being a trusted advisor to some of the biggest Life and Pensions providers across Europe. I am delighted to welcome their experienced and dedicated team to our business.”
Founded as a consultancy focused on public sector pensions, Acuity combines pensions knowledge with behavioural science to support scheme members and administrators through major change programmes, communications strategies and operational reforms. Lumera, headquartered in Stockholm, develops software and advisory services for life insurance and pension administration across Europe, supporting insurers and pension providers with data management, migration and digital transformation.
“We are delighted to become part of Lumera,” says Pippa Campbell, Director of Programmes, Acuity. “Our shared values of simplifying complexity and customer-first thinking in the complex world of pensions make Lumera the perfect partner for our consultancy team. We’re excited to bring our experience of programme management and behavioural insight to Lumera’s portfolio and look forward to helping shape the future of pensions advisory and pensions administration.”
Following completion of the transaction, Acuity will be integrated into Lumera’s UK organisation, increasing the group’s UK headcount to around 165 employees. The companies said Acuity’s team will continue to work with public sector clients while contributing its advisory and programme management expertise to Lumera’s broader portfolio.
Financial terms of the deal were not disclosed. Lumera is backed by Nordic software investor Monterro, which focuses on growth-stage enterprise software companies in Northern Europe.
The transaction reflects continued consolidation in the European insurtech and pensions services market, as technology providers seek to combine software platforms with domain-specific consulting expertise to address regulatory change, ageing populations and rising operational complexity in pension systems.
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