# Snap-on acquires Norbar Torque Tools for £55.9M

Snap-on Incorporated acquired Norbar Torque Tools Holdings Ltd, a UK-based manufacturer of torque equipment, for £55.9 million. Norbar has annual sales of about $41 million.

- Type: Acquisition
- Announced: 2017-05-30
- Where: Banbury, UK, United Kingdom
- Value: $71.0M (55.9M GBP)
- Status: completed
- Products: torque equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Snap-on Incorporated](https://endata.com/companies/17213.md) (acquirer)
- [Norbar Torque Tools Holdings Ltd](https://endata.com/companies/17214.md) (target)

## Sources

- [machinery-market.co.uk](https://www.machinery-market.co.uk/news/17639/Norbar-Torque-Tools-acquired), 2017-05-30: "Banbury-based Norbar Torque Tools Holdings Ltd ... has been acquired by New York Stock Exchange-listed Snap-on Incorporated for £55.9 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.