Snap-on has acquired the assets of Ecotechnics S.p.A. for approximately $13 million in cash.
Based in Sesto Fiorentino, Italy, Ecotechnics designs and manufactures automatic vehicle air conditioning maintenance equipment for OEM dealerships and the automotive aftermarket worldwide. The company had 2014 sales of approximately €12.4 million, or $13.6 million USD.
Ecotechnics will become part of the Snap-on’s Repair Systems & Information Group.
Consolidated revenue totaled 7,144.7 billion yen (US$47.2 billion), a 11.6 percent increase from the previous year.
Mobility supplier DENSO announced global financial results for its 2024 fiscal year, ending March 31, 2024.
Highlights of the financial results are as follows, according to DENSO:
Consolidated revenue totaled 7,144.7 billion yen (US$47.2 billion), a 11.6 percent increase from the previous year.
Consolidated operating profit totaled 380.6 billion yen (US$2.5billion), a 10.7 percent decrease from the previous year.
The new products cover more than 1,994,760 applications and model years 2016-2024.
U.S. GAAP net sales were $863 million, an increase of 3.4% compared with Q1 2023, according to PHINIA.
Bendix said it is transforming its distribution center into a state-of-the-art facility and consolidating dampers manufacturing into a single, larger space.
The 33,000-square-foot facility is strategically positioned near major transportation hubs, providing optimal access to raw materials and speeding shipment of finished goods to all U.S. markets.
The HDA Truck Pride member has acquired Pueblo Brake & Clutch, Inc.
The company reported record net sales of $789 million.
While there are numerous components that make up “landed costs,” duties, taxes and tariffs are a huge factor and can often be a detriment to global trade, says Thomas Cook, managing director at Blue Tiger International.
The release provides new coverage in 75 product categories and 80 part numbers for 2023 and 2024 model-year vehicles, SMP said.
