Line of Credit 
Print FormatAstec Agrees To Acquire Minds Automation For Undisclosed Sum
- Astec Industries, Inc. NASDAQ:ASTE has agreed to acquire Minds Automation Group Inc., a developer of plant automation control systems and cloud-based data management in the asphalt industry. Deal terms were not disclosed.
British Columbia, Canada -based Minds Automation has locations in the U.S., U.K.,France , andBelgium .- Minds Automation CEO
Pierre Vidaillac and the leadership team will stay with Astec and support automation and controls technology advancement. - Astec held cash and equivalents of
$134.4 million as ofDecember 31, 2021 . - Price Action: ASTE shares trading lower by 2.76% at
$43.68 on the last check Wednesday.
