Motion Industries to acquire automation and robotics company
Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company (GPC), announced today the that it has entered into a definitive agreement to acquire Axis New England and Axis New York (“Axis”), an automation and robotics company based in Danvers, MA. Execution of the transaction will occur on March 1, 2019, subject to the satisfaction of customary closing conditions.
Founded in 1994, Axis New England serves the Northeast U.S. from its locations in Danvers, MA, and Rochester, NY (Axis New York). With expertise in advanced machine automation, the company will continue its focus on motion control, robotics, and machine vision. Areas of specialty include precision components, electro-mechanical assemblies and fully engineered automation systems.
Todd Clark, Axis President, said, “Motion Industries is a great cultural fit for us. We are pleased to join the Motion team and excited about the growth opportunities this will afford the company and our employees. Our customers and suppliers can expect the same partnership, support, and service as we continue our focus on delivering high-value solutions.”
“We are very pleased with the addition of this well-established company, which will operate as part of Motion’s Automation Solutions Group,” stated Randy Breaux, President of Motion Industries. “Acquiring Axis is in keeping with our strategic intent and complements our growth in the area of industrial plant floor automation. We welcome the Axis employees to the Motion Industries family and we look forward to the contributions they will make to our Company in upcoming years.”
About Motion Industries
With annual sales of over $5 billion, Motion Industries is a leading industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling. Through EIS, which joined with Motion Industries to form its Electrical Specialties Group in 2018, the company has broadened its offerings with process materials, production supplies, specialty wire and cable, and value-added fabricated parts for the electrical OEM, motor repair and assembly markets. Combined, total Industrial Group annual sales are approximately $6 billion.
Motion Industries has over 550 locations, including 14 distribution centers throughout North America and serves more than 300,000 customers from the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, semiconductor, wood and lumber, medical, and pharmaceutical industries.
Motion Industries is a wholly owned subsidiary of Genuine Parts Company (NYSE: GPC). Visit our website at MotionIndustries.com. Contact us toll-free at (800) 526-9328.