Snap-on acquires Italian company for $13 million 

Freeman Staff

Aug. 7, 2015

KENOSHA - Snap-on Incorporated announced Friday that it has acquired Italian-based Ecotechnics S.p.A. for $13 million in cash.

In 2014, Ecotechnics had sales of approximately $12.4 million. The company, based in Sesto Fiorentino, Italy, designs and manufactures automatic vehicle air conditioning maintenance equipment for original equipment manager dealerships and the automotive aftermarket worldwide. Ecotechnics will be part of the Snap-onís Repair Systems & Information Group, according to the announcement.

Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks.

www.snapon.com