Snap-on Inc. (NYSE: SNA), Kenosha, Wisconsin, has acquired Cognitran Limited, Chelmsford, United Kingdom, for approximately $31 million in cash.
Cognitran specializes in flexible, modular and highly scalable “Software as a Service” products for original equipment manufacturer customers and their dealers, focused on the creation and delivery of service, diagnostics, parts and repair information to the OEM dealers and connected vehicle platforms.
Cognitran will be part of the company’s Repair Systems & Information Group. The acquisition enhances and expands Snap‑on’s capabilities in providing shop efficiency solutions through integrated upstream services to OEM customers in automotive, heavy duty, agricultural and recreational applications.
In July, Snap-On reported second quarter sales that were down slightly over 2018.
Related Posts
-
Both transactions are expected to close in the spring of 2020.
-
These acquisitions represent the 8th and 9th acquisition by the commercial door, frames and hardware,…
-
Motion Industries, a subsidiary of Genuine Parts Co., announced Monday it has acquired Canada-based TRC…
