UK-based aquila Group Holdings has acquired Lynx Heywood, a pensions administration software division of Lynx PLC, for an undisclosed sum.
The enlarged group's technology solutions - aquila's administrator and Heywood's Axis - are used by more than 200 clients including Prudential, CGNU and Royal Bank of Scotland.
David Ackroyd, joint chief executive, aquila, says the businesses will continue to operate as discrete entities to ensure continuity for existing clients.
"Looking to the future, this move also leaves us well-placed to increase our penetration in the European market," adds Ackroyd.