Biz management software provider Sage Group PLC has bought construction software company Tekton Group Ltd for £21m.

The cash-only deal is the latest in a series of buy-outs made by Newcastle-based Sage, the only British software firm listed on the FTSE 100.

It saw revenue for the six months to December 2007 of £4.5m.

Sage CEO Paul Walker said: "The acquisition of Tekton strengthens Sage's leading market position in this sector and completes our range of construction solutions, from small companies through to larger customers in the mid-market."

Over the past year Sage, which recently admitted that the US arm of its business could do better, has been on a sizeable spending spree with the acquisition of a number of companies including French outfit XRT and Swiss firm Pro-Concept SA. ®

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