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EDS has sold the executive search arm of AT Kearney to an investment group, according to an EDS spokeswoman quoted in media reports.
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EDS said the deal, financial terms for which have not been disclosed, was a separate transaction from the expected management buyout of A.T. Kearney, which EDS announced last year.
The investment group was led by Edward Kelley, who will serve as CEO of the firm.
Most of A.T. Kearney Executive Search's senior management team took part in the sale of the business and are now among the firm's new owners. A spokeswoman for the company said the company doesn't foresee any layoffs in the near future.
A.T. Kearney Executive Search, based in Chicago, specializes in high-level, retained executive searches for senior management and board-level executives in various market sectors. It has 24 offices worldwide.
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