Snap-on completed the acquisition of a stake in SAVTEQ.

Snap-on, a manufacturer of high-end tools and equipment for professional use in the transportation industry including automotive, heavy-duty, marine, aviation, and railroad segments, completed the acquisition of a stake in SAVTEQ, a company that develops proprietary technologies utilizing structured light in applications such as non-destructive testing, industrial metrology, and robotic vision. Financial terms were not disclosed.