Law firm Stephenson Harwood LLP has advised Snap-on Incorporated, a global manufacturer and marketer of tools and equipment, as well as diagnostics, repair information and systems solutions, for professional users, on its US$72 million acquisition of Norbar Torque Tools Holdings Limited.

Founded in 1920, Snap-on is a $3.4 billion, S&P 500 company headquartered in Wisconsin, US. The acquisition of Norbar – which manufactures torque products and has a strong presence in critical industries, including power generation, oil & gas, mining and railroad – complements and expands Snap-on’s existing torque offering to critical industries, particularly in powered torque products.

The Stephenson Harwood team was led by partner Anthony Clare and included senior associate Tom Page and associate Ciara Stratford (London, corporate), partner John Meehan and associate Kate Worthington (London, tax), partner CF Lui (Shanghai, corporate) and associate Chloe Scott (London, employment).