European insurtech leader Lumera has entered into an agreement to acquire Acuity, a UK-based consultancy specializing in complex pensions and workforce reforms for public sector pension schemes, marking a strategic expansion of the company's UK footprint.
The acquisition brings Lumera immediate access to some of the UK's most significant pension schemes, including the NHS and Civil Service Pension Schemes, along with relationships across central government departments. Following the deal, Lumera's UK organization will expand to approximately 165 employees, combining technology capabilities with deep public sector expertise.
Lumera, headquartered in Stockholm with offices across the UK, Netherlands, Norway, Sweden, India, and Vietnam, provides technology solutions for insurance administration, data management, and migration to Life and Pensions providers throughout Europe. The company's mission—dubbed the "Prudent Revolution"—focuses on combining technology with partnerships to offer the fastest and safest journey through complex industry transformation.
Acuity delivers specialized services across central government and the public sector, blending pensions knowledge with behavioral science to achieve better outcomes for pension schemes and their members. The consultancy has built its reputation over 19 years managing high-profile projects and programmes within the public sector, maintaining over 90% repeat business through its collaborative, evidence-led approach.
Jonas Alfredson, CEO of Lumera Group, characterized the acquisition as adding major new clients and capabilities aligned with the company's strategy to strengthen its position in strategically important sectors across key markets. He emphasized that combining Acuity's proven expertise across health, central government, and other public sector bodies with Lumera's technology prowess will create new growth opportunities in the UK while enhancing the client offering and reinforcing the company's commitment to being a trusted advisor to Europe's largest Life and Pensions providers.
The deal addresses a growing need in the UK pensions market for integrated solutions that combine policy expertise, programme delivery, and modern technology infrastructure. Public sector pension schemes face increasing complexity around regulatory compliance, member communications, and digital transformation initiatives—areas where both companies have demonstrated capabilities.
Acuity's team brings extensive experience delivering major change management programmes, evidence-led communications strategies, and campaigns for public sector clients. Their approach combines project management, behavioral science, and deep pensions expertise to simplify complexity and strengthen decision-making for organizations navigating demanding change.
Pippa Campbell, Director of Programmes at Acuity, expressed enthusiasm about joining Lumera, citing shared values around simplifying complexity and customer-first thinking in the complex world of pensions. She highlighted excitement about bringing Acuity's experience in programme management and behavioral insight to Lumera's portfolio and helping shape the future of pensions advisory and administration.
The acquisition reflects broader consolidation trends within the insurance and pensions sectors as companies seek to enhance their services and technology capabilities. For Lumera, the deal represents a significant step in building comprehensive capabilities across the entire pensions value chain—from core administration technology to specialized consulting services for complex public sector schemes.
The combined organization will be positioned to offer clients an integrated suite of services spanning policy administration platforms, customer empowerment solutions, legacy system migration, data consultancy, and now specialized public sector pensions expertise. This end-to-end capability could prove particularly valuable as UK pension schemes navigate upcoming regulatory changes and increasing member expectations for digital services.
Financial terms of the transaction were not disclosed. The deal is subject to customary closing conditions and regulatory approvals, though a specific timeline for completion was not announced.
The acquisition comes as Lumera continues expanding its European presence and client base. The company serves prominent clients across the Life and Pensions industry, including major insurers, master trusts, pension funds, and administration providers seeking to modernize their operations and improve end-customer experiences.
For Acuity's existing clients, the integration with Lumera promises access to enhanced technology capabilities and a broader service portfolio while maintaining the specialized public sector expertise and relationship-driven approach that has characterized the consultancy's work.