Snap-On acquires Mountz for about $40M in cash

Snap-on announced that it acquired Mountz for approximately $40M in cash on November 1, 2023. Based in San Jose, California, Mountz is a developer, manufacturer, and marketer of high-precision torque tools, including measurement, calibration, and documentation products. 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. Applications range from assembly of electric vehicle batteries to production of charging infrastructure to fabrication of microelectronic componentry, including chips. Mountz will be part of the company’s Commercial & Industrial Group.