Motion, a global leader in industrial solutions, has announced its acquisition of Powell Industrial, a prominent Australian-owned supplier of industrial and hydraulic hose and fittings offerings. This strategic move further solidifies Motion’s commitment to providing comprehensive fluid power solutions to customers in the Asia-Pacific region.
Heath Fitzpatrick, Motion chief operating officer, expressed his enthusiasm about the acquisition.
“The acquisition of Powell Industrial aligns seamlessly with our five-year strategy to expand our fluid power solutions offerings to current and future customers,” he said.
With a goal to bring existing fluid power businesses under one focused line of business, Fitzpatrick highlighted that the recent acquisition of Powell Industrial is all a part of Motion’s long-term vision.
“Over the next five years, we have a clear plan to significantly grow this line of business, both organically and through strategic acquisitions,” he said.
Darrin Sargeant, managing director from Powell Industrial, highlighted the strategic synergy between the two companies.
“Bringing the Powell Group into the Motion business and expanding the Motion Fluid Power Solutions Division will provide success to all employees, customers, suppliers, and stakeholders,” Sargeant said. “This acquisition will supercharge our next stage of growth with a hands-on approach, interacting and being connected with the market through a single solution covering industrial and hydraulic connectors and modern automated hose assembly manufacturing facilities.”
This acquisition promises to be a progressive new chapter for both Motion and Powell Industrial customers. By combining their expertise and resources, Fitzpatrick said the newly united companies is set to become one of the largest providers of industrial and hydraulic hose and fittings products are service offerings in the Australian and New Zealand market.
“Customers can expect an expanded product range, premium offerings, and a true one-solution provider,” he said. “We are genuinely thrilled about the growth opportunities that this partnership will bring. It aligns perfectly with our mission to offer the best value to our customers.”
The acquisition of Powell Industrial by Motion marks a significant milestone in the fluid power solutions sector, promising to deliver enhanced offerings and value to customers across the Asia-Pacific region.