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home / news releases / ASTE - Astec agrees to acquire MINDS Automation Group

ASTE - Astec agrees to acquire MINDS Automation Group

Astec Industries Inc.
Astec Industries (NASDAQ:ASTE) to acquire MINDS Automation Group (MINDS), a leader in plant automation control systems and cloud-based data management in the asphalt industry. Financial terms of the transaction is not disclosed. MINDS, headquartered in British Columbia, Canada, has locations in the US, UK, France, and Belgium. MINDS CEO Pierre Vidaillac and the leadership team will stay with Astec to support the advancement of our automation and controls technology and our overall Rock to Road digital platform. The company is taking advantage of its strong balance sheet to complete the acquisition and invest in its long-term profitable growth.

For further details see:

Astec agrees to acquire MINDS Automation Group
Stock Information
Company Name: Astec Industries Inc.
Stock Symbol: ASTE
Market: NASDAQ
Website: astecindustries.com
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