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.