M&A Deal Summary

Snap-on Acquires ProQuest Business Solutions

On October 23, 2006, Snap-on acquired information services company ProQuest Business Solutions from ProQuest for 499M USD

Acquisition Highlights
  • This is Snap-on’s 1st transaction in the Information Services sector.
  • This is Snap-on’s largest (disclosed) transaction.
  • This is Snap-on’s 2nd transaction in the United States.
  • This is Snap-on’s 1st transaction in Ohio.

M&A Deal Summary
Date 2006-10-23
Target ProQuest Business Solutions
Sector Information Services
Buyer(s) Snap-on
Sellers(s) ProQuest
Deal Type Divestiture
Deal Value 499M USD

Target

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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 3 of 16
Sector (Information Services) 1 of 1
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 9
Year (2006) 1 of 1
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 Sandvik - Saws & Tools Business

Sandviken, Sweden

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

Buy $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-05 Zhejiang Wanda Tools

Zhejiang, China

Zhejiang Wanda Tools Co., Ltd. is a manufacturer of all kinds of manual and pneumatic hardware tools.

Buy $15M

Seller(S) 1

SELLER

ProQuest

Ann Arbor, Michigan, United States
Category Company
Founded 1938
Sector Information Services
DESCRIPTION
ProQuest's corporate headquarters in Ann Arbor, Michigan.
ProQuest's corporate headquarters in Ann Arbor, Michigan.

ProQuest is an information content and services company. ProQuest technologies serve users across the critical points in research, helping them discover, access, share, create and manage information. ProQuest was formed in 1938 and is based in Ann Arbor, Michigan.

DEAL STATS #
Overall 2 of 2
Sector (Information Services) 1 of 1
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Copley Publishing Group

Acton, Massachusetts, United States

Copley Publishing Group, Inc. is a publisher of customized textbook for academic courses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-22 RefWorks

Sparks, Nevada, United States

RefWorks LLC provides research management solutions, helping researchers become more effective in their work by aiding in the management, organization, collaboration and dissemination of research information. ProQuest LLC

Buy -
Mergr

Product

Company

Legal