Birmingham, Alabama-based Motion Industries Inc., a distributor of maintenance, repair, and replacement parts, has announced it has entered into an agreement to acquire Axis New England and Axis New York. Those two firms comprise an automation and robotics company based in Danvers, Massachusetts. The transaction is scheduled to close March 1.
Founded in 1994, Axis serves the northeastern United States from its locations in Danvers and in Rochester, New York. The company will continue its focus on motion control, robotics, and machine vision as part of Motion’s Automation Solutions Group, according to Motion Industries. Areas of specialty include precision components, electro-mechanical assemblies
“Motion Industries is a great cultural fit for us,” says Todd Clark, president of Axis. “We are pleased to join the Motion team and excited about the growth opportunities this will afford the company and our employees.”
Comments Randy Breaux, president of Motion Industries “We are very pleased with the addition of this well-established company, which will operate as part of Motion’s Automation Solutions Group. Acquiring Axis is in keeping with our strategic intent and complements our growth in the area of industrial plant floor automation.”
With annual sales of over $5 billion, Motion Industries distributes bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling components. Motion Industries is a wholly owned subsidiary of Atlanta-based Genuine Parts Co.