Diploma completed the acquisition of Tennessee Industrial Electronics for £76m.

Diploma, a business supplying specialized technical products and services, completed the acquisition of Tennessee Industrial Electronics, an electronic parts supplier, for £76m ($93m). "TIE is an excellent business in an exciting end market and has a track record of delivering strong growth at high margins. We welcome our new colleagues into the Group. Alongside our relentless focus on organic growth, we see significant potential to strengthen the Group further with disciplined acquisitions that accelerate future organic growth, while maintaining our strong financial position. We are encouraged by the momentum across the Group, we are excited about our growth potential and we are confident in continuing to deliver on our compounding track record," Johnny Thomson, Diploma CEO.