Astec furthers automation for asphalt industry through acquistion of MINDS
By Paige HaeffeleMarch 30, 2022
Astec Industries has entered into a definitive agreement to acquire MINDS Automation Group Inc. (MINDS), a plant automation control system and cloud-based data management platform for the asphalt industry.
The Canada-based company said it 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, president and CEO Astec Industries.
“Our combined business will provide the knowledge and resources to further invest in industry leading innovations that drive value for customers.”
Pierre Vidaillac, CEO of MINDS, said, “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.”