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Lynx is to set up a separately listed company called Ascent to supply small and medium-sized companies, as part of a strategy to focus on financial software.
Lynx has set up a new office at Grove Park near Enderby, in order to house a software development team and strategic business unit with 28 staff.
Lynx is to acquire Bankhall Investment Management, the supplier of support services to independent financial advisers, for up to £114m, in order to develop an internet trading platform for the IFA market.
Lynx is looking to spend up to £80m on acquisitions to expand its financial software and IT systems business, and is also seeking to recruit more staff specialising in the installation of SAP systems.
Lynx has acquired Tenhill Computer Systems, the software consultancy, for £10m.
Lynx has acquired Globelle, the computer networks supplier, for £3m, in order to improve relations with customers of its own Sphinx CST network business.
Lynx Holdings has acquired Apex Computer Group, the provider of manufacturing and financial systems, for £10.6m.
Lynx Holdings is acquiring Tesoft, the Spanish automotive software concern, for £6.4m.