Motion Industries Inc., a distributor of maintenance, repair, and operation replacement parts and provider of industrial technology solutions, has 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. The dual acquisition is set to expand and improve Motion’s services to heavy-industry customers.