Motion 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, 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.
Financial terms of the transaction were not disclosed.
