Motion Industries to acquire automation company Axis
February 15, 2019 by Manufacturing AUTOMATION
February 15, 2019 – Motion Industries, Inc., a distributor of maintenance, repair and operation replacement parts, has agreed to acquire an automation and robotics company based in Danvers, Mass.
Motion Industries, a wholly owned subsidiary of Genuine Parts Company, will acquire Axis New England and Axis New York on March 1, 2019, subject to closing conditions.
Founded in 1994, Axis serves the Northeast U.S. 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.
“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. Our customers and suppliers can expect the same partnership, support and service as we continue our focus on delivering high-value solutions.”
Randy Breaux, president of Motion Industries, says, “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 and over 550 locations, Motion Industries is an 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.