
Published on: Tuesday, Tue, 17 Jul 2018 ● 2 Min Read
ATLANTA, Genuine Parts Company declared today a securing for its Industrial Parts Group. Movement Industries has gone into an authoritative consent to obtain Axis New England and Axis New York ("Axis"), with a viable close date of March 1, 2019, subject as per the general inclination of standard shutting conditions. Hub New England, established in 1994 and situated in Danvers, Massachusetts, is a main robotization and apply autonomy organization with skill in cutting edge machine computerization. Moreover, the organization moves related segment parts and frameworks just as built frameworks, basically serving the upper east U.S. from its Danvers office and a second area in Rochester, New York (Axis New York). The Company anticipates that Axis should create assessed yearly incomes of $55 million.
Paul Donahue, President and Chief Executive Officer, expressed, "Hub is an entrenched organization that further grows Motion's capacities in the region of mechanical plant floor computerization. We are eager to respect the Axis group to the Motion Industries and the GPC family, and we anticipate working with them to develop our business in the years ahead."
About Genuine Parts Company
Certifiable Parts Company is a merchant of car new parts in the U.S., Canada, Mexico, Australasia, France, the U.K., Germany and Poland. The Company additionally circulates mechanical new parts and electrical claim to fame materials in the U.S., Canada and Mexico through its Industrial Parts Group. S. P. Richards Company, the Business Products Group, conveys an assortment of business items in the U.S. also, Canada. Certifiable Parts Company had 2017 incomes of $16.3 billion.