Snap-on Incorporated (NYSE:SNA) today announced that it has entered into an agreement to acquire Car-O-Liner Holding AB for approximately $155 million in cash. Based in Gothenburg, Sweden, Car-O-Liner, that had trailing 12 month sales of approximately $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.
“Car-O-Liner’s product offering and special expertise are important additions to our Repair Systems & Information Group, bringing greater capabilities in collision repair and strengthening Snap-on’s position in the heavy duty segment,” said Nick Pinchuk,
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