Motion Industries Acquires Robotics CompanyFebruary 22, 2019
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Genuine Parts Co.’s Motion Industries, Inc. division has entered into a definitive agreement to purchase Axis New England and Axis New York.
Motion Industries’ acquisition of the Danvers, MA-based robotics firm increases the company’s offerings of industrial automation products. Financial details of the transaction, which is expected to be finalized next month, have not been disclosed.