Diploma, an international group of businesses supplying specialised technical products and services, completed the acquisition of Distribuidora Internacional Carmen, a manufacturer of stainless steel fittings, for £170m. "I am delighted to welcome Daniel and our new DICSA colleagues to the Group. They have created an exceptional value-add business with a very strong market reputation. We know and like the fluid power aftermarket model and DICSA satisfies a key strategic priority: accessing large European markets. The business is already generating strong performance and there are significant opportunities to enhance returns by working together across Europe, the UK and the US. This deal continues our strong track record of acquisitions that drive organic growth at great returns," Johnny Thomson, Diploma CEO.