Astec acquiring plant control technology

Astec is acquiring asphalt plant control technology.
By MJ Woof March 23, 2022 Read time: 2 mins
Astec’s asphalt plants will now be available with even more sophisticated control technology – image © courtesy of Mike Woof
Astec Industries is entering into an agreement to acquire MINDS Automation Group (MINDS). The firm is a leader in plant automation control systems and cloud-based data management in the asphalt industry.

Based in British Columbia, Canada, MINDS has locations in the US, UK, France, and Belgium. The company develops user-friendly, advanced, customisable 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 will stay with Astec, along with the leadership team to support the advancement of our automation and controls technology and our overall Rock to Road digital platform.

“We are excited to join Astec. We are a good fit with the company and its products and services,” said Vidaillac. 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.”

Astec’s acquisition of MINDS is consistent with the company’s Purpose – Built to Connect, OneASTEC business model and growth strategy. The company is taking advantage of its strong balance sheet to complete the acquisition and invest in its long-term profitable growth.
Asphalt milling, paving & compaction

For more information on companies in this article

Related Content

  • Giving four hours back to the day… and much more
    October 7, 2019
    A 20km long elevated expressway in Dhaka will be one of Bangladesh’s first Public Private Partnership transport projects – words and pictures by Ruby Kitching, on behalf of Mott MacDonald.
    Read More
  • Thomas Concrete Group acquires more plants in USA
    May 14, 2015
    The Swedish Thomas Concrete Group has acquired assets of Coastal Concrete, a US company which operates ten concrete plants in Georgia and South Carolina. As a result, the group is strengthening its position in the concrete market across a large region on the US east coast between Atlanta and Raleigh. Coastal Concrete is one of the leading producers of ready-mixed concrete in several major cities along the Atlantic coast of Georgia and South Carolina, and the acquisition will reinforce the group's “already
    Read More
  • Profit boost for Rolls-Royce Power Systems
    August 8, 2022
    Rolls-Royce Power Systems sees record order intake in second quarter and significantly increases profit.
    Read More
  • Don't buy, subscribe instead... and stay ahead of the pack
    September 19, 2024
    The traditional way of doing things is to own the construction equipment you need on site. You can buy, or you can rent. You mix and match your technology needs with what is happening on site and your costs go up and down accordingly. However, a new model is emerging: Subscriptions. Take out a flat-fee plan and let someone else make sure you can get access to the latest thinking and the cleverest technology. Pete Kennedy reports.
    Read More

Highlighted Content