ASI Drives Acquired by ACCEDIA Group

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.”

About Tornado Drives
Tornado Drives is a leading German manufacturer of bespoke AC and DC drive solutions for the accessibility and mobility lift industry (stairlift, platform, home lifts and service lifts). It also delivers direct-drive systems for the industrial door market and for theater machinery. Tornado has established a reputation for being the specialist for industrial geared motors up to 7.5 kW and with torque up 2,000 Nm. For additional information, visit www.tornado-drives.com.

About ASI Drives
ASI Drives is a US manufacturer of custom-engineered gear drive solutions to the global medical mobility, floor care, material handling, warehouse automation and robotics industries. ASI’s relentless focus on innovation in engineering has led to the creation of several industry-leading products and solutions, as well as compact and efficient gear drives, brushless motor technology and advanced gear processing. ASI’s products are recognized for their robust construction and worry-free dependability. ASI also manufactures its own AGV, called FRED. For additional information visit www.asidrives.com or www.fredagv.com.