Astec builds on technology platform with acquisition of minds automation group inc.

Chattanooga, tenn., march 23, 2022 (globe newswire) -- astec industries (nasdaq: aste) announces entering into a definitive agreement to acquire minds automation group inc. (minds), a leader in plant automation control systems and cloud-based data management in the asphalt industry. minds, headquartered in british columbia, canada, has locations in the u.s., united kingdom, france, and belgium. the company develops user-friendly, advanced, customizable plant automation control systems for drum, batch, combo/hybrid hot mix plants, emulsion plants, liquid terminals, silo load-out, ticketing and data management for the asphalt industry.
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