RTTNews | Sep 29, 2020 07:18AM EDT

07:17 Tuesday, September 29, 2020 (RTTNews.com) - Snap-on Incorporated (SNA) has acquired the assets of AutoCrib, Inc. for approximately $36 million in cash. Based in Tustin, California, AutoCrib is a designer, manufacturer and marketer of tool and asset control solutions. AutoCrib will be part of the company's Commercial & Industrial Group, effective with Snap-on's fiscal fourth quarter.

Snap-on said the acquisition complements and expands the company's existing tool control offering to customers in a variety of industrial applications, including aerospace, automotive, military, natural resources and general industry.

Read the original article on RTTNews ( https://www.rttnews.com/3132166/snap-on-announces-acquisition-of-autocrib-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved