Astec Industries will acquire Minds Automation Group Inc. (Minds), a provider of plant automation control systems and cloud-based data management for the asphalt industry.
British Columbia, Canada-based Minds has locations in the United States, United Kingdom, France and Belgium. The company develops advanced, customizable plant automation control systems. According to Astec, Minds’ technology complements its existing offerings for asphalt production, joining Astec Controls and Grathwol Automation.
Chattanooga, Tenn.-based Astec manufactures specialized equipment for asphalt road building, aggregate processing and concrete production. The company’s operations are divided into two primary business segments: Infrastructure Solutions includes road building, asphalt and concrete plants, thermal and storage solutions; Material Solutions includes aggregate and other material processing solutions.
Astec owns the Heatec brand of thermal fluid heaters for continuous processing in industrial heating applications.