Snap-on Buys Cognitran Limited

Snap-on Inc. (Kenosha, WI) has acquired Cognitran Limited for roughly $31 million in cash. Based in the United Kingdom, Cognitran specializes in flexible, modular and scalable “Software as a Service” (SaaS) products for OEM customers and their dealers. Its offerings are focused on the creation and delivery of service, diagnostics, parts and repair information to the OEM dealers and connected vehicle platforms. Cognitran will be part of Snap-on’s Repair Systems & Information Group.