Snap-on Acquires Challenger Lifts

The purchase expands the manufacturers repair shop offerings.

Snap-on Inc. (NYSE: SNA), Kenosha, WI, a manufacturer of tools, equipment, diagnostics, repair information and systems solutions, has acquired Challenger Lifts Inc., Louisville, KY, for $38 million. Challenger, with 2012 sales of approximately $45 million, designs, manufactures and distributes a comprehensive line of vehicle lifts and accessories to customers in the automotive repair sector.

“Challenger is an important addition to our Repair Systems & Information Group,” said Nick Pinchuk, Snap-on chairman and CEO. “The Challenger vehicle lift product line complements and increases Snap-on’s existing undercar equipment offering, broadening our established capabilities in serving vehicle repair facilities."

Snap-on products include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education.

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