M&A Deal Summary

Snap-on Acquires AutoCrib

On September 29, 2020, Snap-on acquired manufacturer AutoCrib for 36M USD

Acquisition Highlights
  • This is Snap-on’s 2nd transaction in the Manufacturing sector.
  • This is Snap-on’s 9th largest (disclosed) transaction.
  • This is Snap-on’s 8th transaction in the United States.
  • This is Snap-on’s 2nd transaction in California.

M&A Deal Summary

Date 2020-09-29
Target AutoCrib
Sector Manufacturing
Buyer(s) Snap-on
Deal Type Add-on Acquisition
Deal Value 36M USD

Target

AutoCrib

Tustin, California, United States
AutoCrib, Inc. is a designer, manufacturer and marketer of tool and asset control solutions. AutoCrib was founded in 1994 and is based in Tustin, California.

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Buyer(S) 1

Buyer

Snap-on

Kenosha, Wisconsin, United States

Category Company
Founded 1920
Sector Machinery
Employees13,200
Revenue 5.1B USD (2023)
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 14 of 16
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 12 of 14
State (California) 2 of 3
Country (United States) 8 of 9
Year (2020) 1 of 1
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 Cognitran

Chelmsford, United Kingdom

Cognitran Ltd. provides flexible, modular and highly scalable “Software as a Service” (SaaS) products for original equipment manufacturer (“OEM”) 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 Ltd. was founded in 2000 and is based in Chelmsford, United Kingdom.

Buy $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Dealer-FX

Markham, Ontario, Canada

Dealer-FX Group, Inc. is a provider of customer experience and process automation software for auto dealership service departments. Dealer-FX specializes in software as a service (SaaS) management systems, communications platforms, and extensive data integrations, and offers a digitized solution that increases dealership productivity and enhances the vehicle owners’ service experience. Dealer-FX was founded in 2007 and is based in Markham, Ontario.

Buy $200M