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.¡±
