SOFTWARE provider Proactis Holdings has acquired a London-based counterpart in a £2.9 million deal.

The Wetherby-based business, which specialises in spend control software, has taken over EGS Group in move aimed at enlarging the group to be the biggest independent e-procurement services provider to the UK public sector.

Proactis chief executive Rod Jones said: “Its substantial scale, level of profitability and available synergies will immediately benefit the wider Proactis business.”