Astec Industries has entered into a definitive agreement to acquire Minds Automation Group, maker of plant automation control systems and cloud-based data management for the asphalt industry. 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.
“Minds technology complements our existing offerings for asphalt production joining Astec Controls and Grathwol Automation as we build out a digital platform across our Rock to Road value chain of products.,” said Barry Ruffalo, Astec president/CEO in a prepared statement. “Our combined business will provide the knowledge and resources to further invest in industry leading innovations that drive value for customers.”
Minds CEO Pierre Vidaillac and the leadership team will stay with Astec to support the advancement of its automation and controls technology and our overall Rock to Road digital platform.
Said Vidaillac in a statement:
“We are excited to join Astec. We are a good fit with the company and its products and services. Astec built its business applying state-of-the-art technology to the industry. They have a reputation for innovation, and we are looking forward to contributing to their growth and long-term success.”
Source: Astec
