AUTOFORUM

Snap-on to acquire Car-O-Liner

Oct 25, 2016 Snap-on, tools, automotive equipment, aftermarket, repairer, workshop, Car-O-Liner

Snap-on's international head office has announced it has entered into a definitive agreement to acquire Car-O-Liner Holding AB for around US$155 million. Based in Gothenburg, Sweden, Car-O-Liner, that had trailing 12 month sales of approximately US$95 million, is a global provider of collision repair equipment and information and truck alignment systems. Subject to certain closing conditions, the transaction is expected to close within 30 days.

Nick Pinchuk, Snap-on chairman and chief executive officer said: “Car-O-Liner’s product offering and special expertise are important additions to our Repair Systems and Information Group, bringing greater capabilities in collision repair and strengthening Snap-on’s position in the heavy duty segment. Given trends in the collision space, including the need for greater precision, the requirement to accommodate new materials and the higher emphasis on shop efficiency, we believe this acquisition will further Snap-on’s progress along its strategic and coherent growth runway of expanding with repair shop owners and managers. We look forward to welcoming Car-O-Liner associates to the Snap-on family.”

Snap-on reported US$3.4 billion in sales last year. Snap-On’s other collision repair equipment brands include Blackhawk and Kansas Jack.

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