Diploma PLC (LSE:DPLM) is looking for acquisitions. Jonathan Thomson, Chief Executive Officer said, "Focused development at the portfolio level is key to the sustainability of the organic growth strategy. This means being disciplined about acquisitions and disposals.

We target businesses with strong value-add distribution characteristics and high gross margins with organic growth potential and with great management teams. Once acquired, we add value by driving accelerated growth, whether it be through unlocking investments, providing management expertise or even cross-selling products. In some cases, we also add value through scale benefits. Finally, we allocate our capital to those opportunities that best develop the portfolio, executing the organic growth priorities for our key businesses".