Motion Industries Inc., a distributor of maintenance, repair, and operation replacement parts, plans to acquire Axis New England and Axis New York, an automation and robotics company based in Danvers, Massachusetts. The transaction is expected to close on March 1, subject to the satisfaction of customary closing conditions.
With expertise in advanced machine automation, Axis will continue its focus on motion control, robotics, and machine vision. Areas of specialty include precision components, electromechanical assemblies and fully engineered automation systems.
“Motion Industries is a great cultural fit for us,” said Todd Clark, president, Axis. “We are 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.”
Motion Industries will add Axis to its Automation Solutions Group, explained 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,” Breaux said.
With annual sales of more than $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. The company has more than 550 locations, including 14 distribution centers throughout North America.