# ACCEDIA Group acquires ASI Drives

ACCEDIA Group, a holding company, has acquired ASI Drives, a US manufacturer of transaxles and wheel drives for electric machines. ASI Drives will join forces with ACCEDIA's existing company Tornado Drives.

- Type: Acquisition
- Announced: 2020-03-12
- Where: United States
- Status: completed
- Products: transaxles, wheel drives, gearboxes, gear drives
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [ACCEDIA Group](https://endata.com/companies/45893.md) (acquirer)
- [ASI Drives](https://endata.com/companies/45894.md) (target)
- [Tornado Drives](https://endata.com/companies/45895.md) (partner)

## Sources

- [asidrives.com](https://www.asidrives.com/news_item/asi-drives-acquired-by-accedia-group/), 2020-03-12: "This acquisition reinforces and expands our group's manufacturing capabilities by offering custom-engineered gear-drive solutions for niche markets."

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