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.
Titled “Commitment to Excellence,” the report provides updates on key sustainability targets, initiatives and ambitions.
Cooper Standard issued its 2023 Corporate Responsibility Report (CRR), titled "Commitment to Excellence," providing updates on key sustainability targets, initiatives and ambitions.
"Our commitment to ESG strengthens our team, partnerships and business, which are all vital for attracting talent, maintaining a robust supply base and developing innovative, cost-effective solutions," said Jeffrey Edwards, chairman and CEO, Cooper Standard. "Despite ongoing industry changes, we persist in growing stronger and focusing on drivers of long-term value creation, aligned with our purpose of Creating Sustainable Solutions Together."
The release covers domestic and import passenger vehicles, pickup trucks, vans, SUVs and EVs, up to the 2023 vehicle model year.
As part of the transaction, ADMETOS is taking on around 600 employees in six countries.
ZF has introduced a total of 185 new products in 2024 under the ZF, LEMFÖRDER, SACHS, TRW and WABCO brands.
The addition of more than 3,000 new part numbers brings Dana’s ReadyShaft program
to over 13,000 active SKUs.
Litens said it is dedicated to achieving carbon neutrality by 2030.
The HELLA BLADE Series combines powerful illumination with innovative features for the ultimate driving experience, the company said.
Axalta Coating Systems has signed a definitive agreement to acquire Transtar Holding Company’s subsidiary The CoverFlexx Group.
Commercial ADB adoption rates in Class 6-8 vehicles are now up over 50%, according to Bendix.
