Epiris acquired Diamorph, a supplier of advanced material solutions for demanding and safety-critical applications, from Serendipity Ixora, Swedish financial planner, and Latour, industrial holdings firm. Financial terms were not disclosed, but deal value is rumoured to be around SEK1.5bn. Charles Elkington, Partner at Epiris, said: “Diamorph is a high-quality business: it has leadership positions in stable markets with strong underlying demand drivers. Beyond this solid base we see an opportunity to achieve a step change in terms of growth by bringing greater focus and ambition to the development of Diamorph’s undoubted strengths in research and development and application engineering.”