Worcestershire technology company Torex Retail has added to its range of services with a # 98 . 5 million acquisition.
Torex, which is based in Alcester, will become one of the world's largest retail systems companies after the purchase of Anker, which also provides software to retailers.
It comes on the back of the #72.2 million acquisition of XN Checkout and the #6.1 million takeover of software specialist RPS.
Torex Retail, which employs 60 people at its performance and productivity management division in Alcester, provides technology solutions to the retail, leisure, hospitality and petroleum and convenience sectors.
It numbers Tesco, J Sainsbury, WH Smith and Marks & Spencer among its clients.
Last year it increased its profits by 65 per cent to #11.3 million, while turnover rose from #67.5 million to #71.7 million.
Torex has agreed to pay 223.4p for each share in Anker, which is located in Bolton.
It said it would finance the deal through the issue of 55 million new Torex Retail shares to trade on AIM.
The arrangement of a mix match facility will see Torex Retail offer 1.193 new Torex Retail shares and 94.2p cash for every Anker share.
The directors of Torex Retail said they thought the acquisition would be earnings enhancing in the first full year and at least #6 million pretax cost savings would be achieved on a full year basis.
Christopher Moore, chief executive of Torex, said: "The acquisition of Anker represents an exciting opportunity to significantly advance our strategic aims.
"We are experiencing strong organic growth complemented by suitably targeted acquisitions. Anker represents a broad platform and an accelerated route to achieving our targets.
"The enlarged group will be a major player in the retail application software and services market, on a global basis and better placed to respond to the ever increasing demands from our international customer base."