Snap-on Incorporated, a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks, today announced that it has acquired Dealer-FX Group, Inc. (“Dealer-FX”), based in Markham, Ontario, for approximately $200 million in cash. Dealer‑FX is a leading developer, marketer, and provider of service operations software solutions for automotive original equipment manufacturer (“OEM”) customers and their dealers.
Dealer-FX specializes in software as a service (SaaS) management systems, communications platforms and extensive data integrations, and offers a digitized solution that increases dealership productivity and enhances the vehicle owners’ service experience. This acquisition complements and expands on Snap-on’s existing OEM and dealership business in its Repair Systems & Information (“RS&I”) Group that provides electronic parts catalogs, essential tool and diagnostics programs, and custom analytics to OEMs and more than 50,000 dealerships, globally.
Full Article: businesswire.com