Motion Industries (Genuine Parts) to acquire Axis automation/robotics company

Motion Industries, a subsidiary of Genuine Parts Company, entered a definitive agreement to acquire Axis New England and Axis New York, an automation and robotics firm; this is an industrial distribution add-on rather than a home-service trades deal.

“BIRMINGHAM, Ala. — Motion Industries, Inc., a wholly owned subsidiary of Genuine Parts Company, announced today 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, Massachusetts.”

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