# Astec Industries acquires Minds Automation Group

Astec Industries has entered into a definitive agreement to acquire MINDS Automation Group Inc., a leader in plant automation control systems for the asphalt industry, headquartered in British Columbia, Canada.

- Type: Acquisition
- Announced: 2022-03-01
- Where: British Columbia, Canada, Canada
- Status: announced
- Products: plant automation control systems, cloud-based data management
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Astec Industries](https://endata.com/companies/48732.md) (acquirer)
- [MINDS Automation Group Inc.](https://endata.com/companies/61788.md) (target)

## Sources

- [ir.astecindustries.com](https://ir.astecindustries.com/news/news-details/2022/Astec-Builds-on-Technology-Platform-with-Acquisition-of-Minds-Automation-Group-Inc--/default.aspx), 2022-03-23: "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."
- [globenewswire.com](https://www.globenewswire.com/news-release/2022/03/23/2408396/0/en/astec-builds-on-technology-platform-with-acquisition-of-minds-automation-group-inc.html), 2022-03-23: "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."
- [constructionequipment.com](https://www.constructionequipment.com/home/news/10759817/astec-acquires-automation-group), 2022-04-15: "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."
- [theasphaltpro.com](https://theasphaltpro.com/articles/astec-industries-acquires-minds-automation-group-inc/), 2022-04-22: "Astec Industries, Chattanooga, announced March 23 and finalized April 1, the acquisition of MINDS Automation Group Inc."
- [astecindustries.com](https://astecindustries.com/press-releases/astec-advancing-digital-solutions-for-rock-to-road-value-chain-with-minds-acquisition/), 2024-02-07: "Astec Industries is building on its advanced digital solutions for the asphalt sector with its 2022 acquisition of MINDS Automation Group Inc."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.