Company type | Public |
---|---|
Industry | Technical products and services |
Founded | 1931 |
Headquarters | London, England, UK |
Key people | David Lowden, (Chairman) Johnny Thomson (CEO) |
Revenue | £1,200.3 million (2023) [1] |
£237.0 million (2023) [1] | |
£118.3 million (2023) [1] | |
Website | www |
Diploma plc is a British business supplying specialised technical products and services based in London, England. It is a constituent of the FTSE 100 Index.
The company, which was founded in 1931, was first listed on the London Stock Exchange in 1960, and was a market leader in electronic component distribution, building products and special steels until the late 1980s. [2] The electronic component distribution business (SEI Macro) was sold in 1999, [3] the building products business (Robert Lee) was sold in 2000, [4] and the special steels business (Henry Whitham) was sold in 2001. [5]
The company acquired RT Dygert International, a US-based distributer of seals, in December 2008, [6] and Kubo Tech, a Swiss-based seals distributer, in March 2015. [7]
It was announced in August 2018, that CEO Richard Ingram would be stepping down after four months in charge, with John Nicholas acting as executive chairman in interim charge. [8] In January 2020, investors expressed concern about the bonus package offered to the new CEO, Johnny Thomson. [9]
The company acquired Simonsen & Weel, a Danish medical equipment supplier, in January 2021, [10] Tennessee Industrial Electronics, a Nashville-based parts distributor, for £76 million in March 2023, [11] and Distribuidora Internacional Carmen, a Spanish-based distributor of fluid power products, for £170 million in July 2023. [12]
Diploma is a distributor, operating in the three sectors of Controls (including specialised wiring), Seals (including seals and gaskets) and Life Sciences (including consumables and instrumentation). [13]
The company has operations in North America, Europe, Australia, New Zealand, New Caledonia, and China. [14]
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