# Motion Industries to acquire Perfetto Manufacturing and SER Hydraulics in Canada

Motion Industries signed a definitive agreement to buy the operating assets of Perfetto Manufacturing and SER Hydraulics, fluid power companies in Sudbury, Canada, with closing expected at the end of February 2024; terms undisclosed.

- Type: Acquisition
- Announced: 2024-02-20
- Where: Sudbury, Canada
- Status: announced
- Products: hydraulic cylinders, pneumatic cylinders, power units
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Motion Industries](https://endata.com/companies/2295.md) (acquirer)
- [Perfetto Manufacturing](https://endata.com/companies/11553.md) (target)
- [SER Hydraulics](https://endata.com/companies/11554.md) (target)

## Sources

- [motionpower.org](https://motionpower.org/motion-enters-into-definitive-agreement-to-purchase-two-fluid-power-companies/), 2024-02-20: "signed a definitive purchase agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics"
- [fluidpowerworld.com](https://www.fluidpowerworld.com/category/news/page/10/), 2024-02-21: "signed a definitive purchase agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics"
- [forconstructionpros.com](https://www.forconstructionpros.com/business/article/22887677/motion-industries-birmingham-al-motion-industries-to-buy-2-fluid-power-companies), 2024-02-21: "Motion Industries signed a definitive purchase agreement to acquire the operating assets of Perfetto Manufacturing and SER Hydraulics."
- [powertransmission.com](https://www.powertransmission.com/motion-agrees-to-purchase-two-fluid-power-companies), 2024-02-21: "The dual acquisition will expand and improve Motion's services to these and other heavy-industry customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.