Motion Industries to acquire Missouri Power Transmission
Motion Industries, a wholly owned subsidiary of Genuine Parts Co., has entered into a definitive agreement to acquire Missouri Power Transmission, a power transmission equipment distributor.
Execution of the transaction is expected to take place on 1 March, 2016.
Missouri Power Transmission specialises in chains, sprockets, bearings, seals, electric motors and controls, belting, and related industrial parts.
Headquartered in St. Louis, Missouri Power Transmission services customers from 15 branch and affiliate offices.
Its machine shop performs services including gearbox repair, shafting (keyed and plain), welding, and customised machining and millwork.
With annual sales of $4.6 billion (€4.1bn), Motion Industries is one of the leading industrial parts distributors for bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, and hydraulic and pneumatic components.