Construction M&A » By The Online Investor Staff, updated Sat., Jan. 23, 5:57 PM
Recent mergers and acquisitions in the Construction M&A category.
| This Slide: #15 of 100 |
Slide #15. Astec Industries, Inc. — Telestack Ltd.
Acquirer:
Astec Industries, Inc. (NASDAQ:ASTE)
Acquiree:
Telestack Ltd.
Details:
Astec Industries, Inc. (Nasdaq:ASTE) today announced that it has completed the acquisition of Telestack Ltd.
Astec Industries designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities, as well as other products. Co.'s segments are: the Infrastructure Group, which designs, engineers, manufactures and markets a line of asphalt plants and their related components; the Aggregate and Mining Group, which focuses on designing and manufacturing heavy processing equipment, as well as servicing and supplying parts for the aggregate, metallic mining, recycling, ports and bulk handling markets; and the Energy Group, which focuses on supplying heavy equipment used mainly in commercial, industrial and process heating applications.
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Avg. Broker Rec.
 
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Hold (2.50 out of 4) 12nd percentile
(ranked lower than approx. 88% of all stocks covered)
Analysts' Target Price: ASTE Stock Forecast Based on Zacks ABR data; powered by Xignite |
