ASI Drives Acquired by ACCEDIA Group
March 10, 2020—
ASI Drives, the trusted provider of transaxles and wheel drives for electric machines, is pleased to announce that it has been acquired by the ACCEDIA Group, a privately owned holding company comprising medium-sized businesses. ASI is joining forces with Tornado Drives, based in Berlin, Germany, an ACCEDIA Group company.
Tornado Drives is an established world-leading manufacturer of gearboxes for specialized industrial applications, focusing primarily on drives for accessibility, lifts, door-automation applications and theater machinery.
“We are pleased to add ASI Drives’ technology and experience in transaxles and wheel drives to our current portfolio,” said Norbert Mensing, managing director of ACCEDIA. “This acquisition reinforces and expands our group’s manufacturing capabilities by offering custom-engineered gear drive solutions for niche markets.”
“This is an exciting time for ASI as we celebrate 35 years in business and move into a new chapter for the company,” said Douglas Fastuca, CEO of ASI Drives. “The fit with Tornado could not be stronger. The combined entity will be able to better service its US and European customers with highly engineered gearing products and services.”