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In our group we focus on the magnetic phenomena in the so-called molecular nanomagnets. These molecules establish a new class of magnetic materials, which provide a fascinating view on the magnetism in tiny, mesoscopic quantum objects. We study the magnetic ground states and spin excitations using experimental techniques such as high-field torque magnetometry or inelastic neutron scattering, as well as numerical/theoretical techniques for the analyses. General questions are, for instance, which new phenomena emerge in the crossover region from simple paramagnets to bulk magnets and/or quantum mechanical to classical.