Sage Group said Monday it has acquired a 51 percent majority share of the Elit Group, a French company that makes business process management software for the transportation and food industries.The British software company said it will pay 7 euros\u00a0(US$8.89) per share. The cash deal is valued at 10.8 million pounds (US$20 million). Per French regulations, Sage will make an offer to Elit shareholders for the remaining shares.Elit\u2019s management software is for medium-size businesses. For its fiscal year that ended\u00a0June 30, Elit reported a loss of 500,000 pounds on revenue of 18.4 million pounds.Sage Chief Executive Officer Paul Walker said in a statement the controlling interest in Elit will expand Sage\u2019s range of industry-specific software in the middle market.Sage produces accounts, payroll and CRM software for small to medium-size enterprises. For fiscal 2005, Sage reported a profit of 143.5 million pounds.-Jeremy Kirk, IDG News Service (London Bureau)Check out our CIO News Alerts and Tech Informer pages for more updated news coverage.