Snap-on Buys Diesel Laptops For About $100 Mln

(RTTNews) - Tool maker Snap-on Incorporated (SNA) announced that it acquired Diesel Laptops LLC for approximately $100 million in cash. The deal closed on June 8.

Irmo, South Carolina-based Diesel Laptops provides diagnostics, repair information and digital tools for commercial trucks and off-highway vehicles used in heavy-duty repair shops, fleets, mining, agriculture and infrastructure.

Snap-on said the acquisition would expand its capabilities in heavy-duty markets and strengthen its library of repair data.

Diesel Laptops is expected to join Snap-on's Repair Systems & Information Group.

After hours, Snap-on shares rose 0.26 percent to $388.27 following a 1.74 percent gain to $387.26 at Tuesday's NYSE close.