# Astec Industries acquires MINDS Automation Group

Astec Industries acquired MINDS Automation Group Inc. in March 2022 to enhance its digital solutions for asphalt road building, aggregate processing, and concrete production. The acquisition supports the formation of the Astec Digital division.

- Type: Acquisition
- Announced: 2024-03-04
- Status: completed
- Products: plant automation and control systems, digital solutions for asphalt and concrete
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [astecdigital.com](https://www.astecdigital.com/en/resources/news/astec-advancing-digital-solutions-for-rock-to-road-value-chain-with-minds-acquisition.html), 2024-03-04: "The acquisition allows ASTEC to enhance its own innovative equipment solutions for asphalt road building, aggregate processing, and concrete production with MINDS’ suite of user-friendly plant automation and control systems."

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