Snap-on completed the acquisition of Mountz for $40m.

Snap-on, an American designer, manufacturer and marketer of high-end tools and equipment for professional use in the transportation industry, completed the acquisition of Mountz, a developer, manufacturer, and marketer of high-precision torque tools, including measurement, calibration, and documentation products, for $40m. The acquisition of Mountz complements and expands Snap-on’s torque offerings to customers in a variety of industries including aerospace, transportation, and advanced manufacturing.