Profile: Snap-On Inc (SNA.N)
24 Jun 2016
Snap-On Incorporated (SNAP-ON), incorporated on April 7, 1930, is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Company's products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers. The Company's segments include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. The Company serves its customers in various industries, including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education.
The Company's Commercial & Industrial Group segment consists of business operations serving a range of industrial and commercial customers across the world, including customers in the aerospace, natural resources, government and technical education market segments, primarily through direct and distributor channels. Snap-on Tools Group segment consists of business operations serving vehicle service and repair technicians through the Company's across the world mobile tool distribution channel. The Company's Repair Systems & Information Group segment consists of business operations serving other professional vehicle repair customers across the world, primarily owners and managers of independent repair shops and original equipment manufacturer (OEM) dealerships, through direct and distributor channels. Financial Services segment consists of the business operations of Snap-on Credit LLC (SOC), which has the Company's financial services business in the United States, and Snap-on's other financial services subsidiaries in those international markets where Snap-on has franchise operations.
The Company offers products and services in approximately three categories, such as tools; diagnostics and repair information, and equipment. The Company's tools product category includes hand tools, power tools and tool storage products. Its hand tools include wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments and other products. Its power tools include cordless (battery), pneumatic (air), hydraulic and corded (electric) tools, such as impact wrenches, ratchets, screwdrivers, drills, sanders, grinders and similar products. Its tool storage includes tool chests, roll cabinets and other products. The Company's diagnostics and repair information product category includes handheld and personal computer-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, OEM purchasing facilitation services, and warranty management systems and analytics to help OEM dealerships manage and track performance. The Company's equipment product category includes solutions for the diagnosis and service of vehicles and industrial equipment. Its products include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane systems, collision repair equipment, vehicle air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers and hoists. Its financial services provide various financing programs, such as installment sales and lease contracts arising from franchisees customers and Snap-on's industrial and other customers for the purchase or lease of tools, including tool storage, and diagnostic and equipment products on an extended-term payment plan, and business loans and vehicle leases to franchisees.
The Company offers its products and brands through multiple sales distribution channels in approximately 130 countries. The Company offers its products and services to commercial and industrial customers, including maintenance and repair operations; manufacturing and assembly facilities; various government agencies, facilities and operations, including military operations; vocational and technical schools; aviation and aerospace operations; OEM and service and repair customers; oil and gas developers; mining operations; energy and power generation, equipment fabricators and operators; railroad manufacturing and maintenance; customers in agriculture; infrastructure construction companies, and other customers that require instrumentation, service tools and/or equipment for their product and business needs. The Company has presence in various countries, such as the United States, the United Kingdom, Canada, Germany, Australia, France, Japan, Spain, Brazil, Sweden, Italy, China, Argentina, Saudi Arabia, Mexico, the Netherlands, Denmark, India, Norway, Finland, Indonesia, Belgium and Poland.
2801 80th St
KENOSHA WI 53143-5656