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Korn/Ferry to buy Lominger Limited

Korn/Ferry to buy Lominger Limited

Korn/Ferry International has agreed to buy Lominger Limited Inc. for $24 million, the company said Tuesday.

Lominger is one of the largest providers of leadership development tools for individuals, teams and organizations. Under the agreement, Korn/Ferry will purchase 100 percent of Lominger Limited Inc., Lominger Consulting and Lominger Intellectual Property.

Minneapolis, Minn.-based Lominger will become a wholly-owned subsidary of Korn/Ferry and part of the company's Leadership Development Solutions business. The company will be known as Lominger International, a Korn/Ferry Company and co-founder and CEO of Lominger Robert W. Eichinger has agreed to join Korn/Ferry as President of Lominger, while co-founder Michael M. Lombardo will stay on as a senior research fellow.

Los Angeles-based Korn/Ferry (NYSE: KFY) is a global provider of talent management solutions.

Source
Los Angeles Business from bizjournals

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