Birmingham-Based Motion Industries Set to Acquire Two Canadian Companies
Motion Industries Expands Its Reach
Birmingham’s well-known hydraulics and equipment firm, Motion Industries, has unveiled plans to acquire two Canadian companies, Perfetto and SER Hydraulics. Both firms are seasoned insurance providers for the mining, agricultural and forestry sectors and are based in Sudbury, Canada. The acquisition is anticipated to be finalized by the end of February.
The terms of the transaction have not been disclosed so far. Perfetto has been operating since 1986, providing service and handling equipment for hydraulic and pneumatic cylinders, and SER Hydraulics, in the business since 1978, has established itself as a reputable service provider for complex power units and other assets.
Access to New Market Opportunities
The acquisition by Motion Industries is poised to provide access to new markets, harnessing the expertise of Perfetto’s and SER Hydraulics’ workforce. The concrete details of the agreement and how it was brokered remain undisclosed, however, the anticipation regarding the outcome can be intuited.
A Warm Welcome to the Newly Acquired Workforces
Randy Breaux, the president of parent company GPC North America, expressed enthusiasm regarding the impending acquisition. He is being quoted
as stating, “We are thrilled to welcome Perfetto and SER Hydraulics into the Motion Industries family. Their reputation for excellence and their established presence in key sectors make them valuable additions to our organization.”
This sentiment reflects Motion Industries’ commitment to leveraging the strengths and capabilities of its newly acquired companies to enhance its market position and provide expanded services to customers. Additionally, the acquisition demonstrates Motion Industries’ strategic approach to growth, seeking opportunities to diversify its offerings and reach new customers in different regions and industries.
The acquisition of Perfetto and SER Hydraulics represents a significant milestone for Motion Industries as it continues to expand its footprint and strengthen its position as a leading provider of industrial solutions. It also underscores the company’s confidence in the Canadian market and its commitment to serving customers with the highest standards of quality and expertise.
Overall, the acquisition is expected to bring mutual benefits for Motion Industries, Perfetto, SER Hydraulics, and their respective customers, fostering innovation, collaboration, and growth in the hydraulic and equipment sectors.
