Professional services and technology business Davies has acquired consultancy Sionic.
Headquartered in London but with offices in Jersey, Sionic specialises in technology transformation and digitalisation, international regulatory compliance and risk management. It operates across the UK, US, Canada, Switzerland, India and Spain.
Sionic will join Davies’ consulting and technology practice, led by CEO Mark Grocott.
Sionic CEO Craig Sher will continue to lead the day-to-day operations and will join Davies’ executive leadership team, with the wider team continuing in their roles within Davies.
In recent years, Davies has diversified its consulting and technology capability. Based in London, it operates across Bermuda, Canada, Ireland, the UK and US, providing professional services and technology solutions across the risk and insurance value chain.