Highams, the AIM-listed VAR, has extended its service portfolio with the acquisition of technical training company Trainers Ltd. Highams is paying up to £2 million for Basingstoke-based Trainers, with £735K upfront (£497K in cash, and the balance through the issue of new shares). The rest is performance related, working on a PE multiplier of 7, and is payable, wholly in Highams shares.®