Astec Enters Into Definitive Agreement to Sell Roadtec Business to Komatsu
CHATTANOOGA, Tenn., Nov. 12, 2026 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) (“Astec” or the “Company”) today announced that it has entered into a definitive agreement to sell its road construction equipment business, including the Roadtec and Carlson brands (the “Roadtec Business”), to Komatsu America Corp., a subsidiary of Komatsu Ltd. (collectively, “Komatsu”), for an enterprise value of $75 million, subject to customary closing adjustments.