Proax Technologies acquires Ontario automation distributor Systematic Fluid Power
March 5, 2020 by Manufacturing AUTOMATION
Proax Technologies has acquired Systematic Fluid Power Ltd. (SFP), a Kitchener, Ontario–based technical distributor of automation and motion control products.
The deal took effect February 1, 2020.
SFP offers a range of standard and non-standard automation products.
As a result of the acquisition, Proax will increase its presence in the Kitchener, Waterloo, Cambridge and Guelph region. SFP will continue to operate under the same name, but under the Proax banner.
“We want to ensure that the excellent customer service and quality products that SFP has provided to the customers in the past will continue,” the company says in a statement. “We are dedicated to maintaining the staff and providing our support and assistance during this transition.”
Proax Technologies has over 180 employees working at 13 branches across Canada and represents manufacturers in the industrial automation field.
The company says it will move the current Proax group in the area and SFP into one facility, with details to come.