Snap-on Acquires Ecotechnics
Snap-on Incorporated, a leading global manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, announced that it acquired the assets of Ecotechnics for approximately $13.0 million in cash. Based in Sesto Fiorentino, Italy, Ecotechnics, with 2014 sales of approximately €12.4 million, designs and manufactures automatic vehicle air conditioning maintenance equipment for OEM dealerships and the automotive aftermarket worldwide. Ecotechnics will be part of the company’s Repair Systems & Information Group.
