M&A Deal Summary

Snap-on Acquires Sandvik - Saws & Tools Business

On April 1, 1999, Snap-on acquired machinery company Sandvik - Saws & Tools Business from Sandvik for 400M USD

Acquisition Highlights
  • This is Snap-on’s 2nd transaction in the Machinery sector.
  • This is Snap-on’s 2nd largest (disclosed) transaction.
  • This is Snap-on’s 1st transaction in Sweden.

M&A Deal Summary
Date 1999-04-01
Target Sandvik - Saws & Tools Business
Sector Machinery
Buyer(s) Snap-on
Sellers(s) Sandvik
Deal Type Divestiture
Deal Value 400M USD

Target

Sandvik - Saws & Tools Business

Sandviken, Sweden
Sandvik - Saws & Tools Business is a manufacturers and suppliers of professional hand tool products.

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Buyer(S) 1

Buyer

Snap-on

Kenosha, Wisconsin, United States

website

Category Company
Founded 1920
Sector Machinery
Employees12,300
Revenue 4.5B USD (2022)
DESCRIPTION
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.
Entrance to Snap-on's corporate headquarters in Kenosha, Wisconsin.

Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. Snap-on was founded in 1920 and is based in Kenosha, Wisconsin.

DEAL STATS #
Overall 2 of 16
Sector (Machinery) 2 of 8
Type (Divestiture) 1 of 2
Country (Sweden) 1 of 2
Year (1999) 1 of 1
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-11-10 Sioux Tools

Sioux City, Iowa, United States

Sioux Tools, Inc. is a manufacturer of industrial power tools. Sioux produces a line of more than 4,500 air tools, valve grinding equipment items, electric tools and service parts for industrial users.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-23 ProQuest Business Solutions

Richfield, Ohio, United States

ProQuest Business Solutions is a provider of electronic parts catalogs. ProQuest products transform complex technical data for parts catalogs into easily accessed electronic information for the world's automotive, power equipment and power sports manufacturers and their dealer networks. ProQuest also provides warranty management systems and analytics to help dealerships manage and track performance. ProQuest Business Solutions is based in Richfield, Ohio.

Buy $499M

Seller(S) 1

SELLER

Sandvik

Stockholm, Sweden

website

Category Company
Founded 1862
Sector Engineering
Employees38,995
Revenue 99.1B SEK (2021)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 4
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 4
Country (Sweden) 1 of 2
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-07 Segments of Svedala Industri AB

Svedala, Sweden

Svedala Industri AB offers products for the mining and construction industry including crushers, screens and feeders as well as mobile crushers and screening stations.

Buy -
Mergr

Product

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