Motion Enters Into Definitive Agreement to Purchase Two Fluid Power Companies

Motion’s Canadian Hydraulic/Pneumatic Footprint to Expand Birmingham, Ala. – Motion Industries, Inc., a leading distributor of maintenance, repair, and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics.

Subject to customary closing conditions, the transaction is expected to be finalized at the end of February. The affiliated organizations are well-established, with Perfetto in business since 1986 and SER Hydraulics since 1978. Located in Sudbury, Canada, each has grown to provide engineered solutions, service and equipment for hydraulic/pneumatic cylinders, complex power units and other assets used in fluid power systems throughout the area, which is central to the mining, agricultural and forestry industries.

The dual acquisition will expand and improve Motion’s services to these and other heavy-industry customers.