Diploma PLC (LSE:DPLM) acquired FITT Resources on January 15, 2021. In a related transactions, Diploma PLC acquired acquired Simonsen & Weel A/S and Power Dynamics as well. The initial consideration of £11.5 million paid and net of debt acquired of £0.1 million. Deferred contingent consideration of up to £1.7 million is payable based on the performance of FITT Resources in the 12 months following acquisition and has been recognised. The total investment value in all three companies are £48.8m. FITT Resources reported an annualized revenue of approximately £13 million. Diploma PLC (LSE:DPLM) completed the acquisition FITT Resources on January 15, 2021.