Astec Agrees to Sell Roadtec Business to Komatsu for $75M
The sale is subject to customary closing adjustments. Roadtec generates about $145M in annualized revenue, and Astec expects about $65M in total cash proceeds and tax benefits.
Astec agreed to sell its Roadtec Business to Komatsu for a $75M enterprise value, subject to customary closing adjustments. The business generates approximately $145M in annualized revenue; Astec expects about $65M in total cash proceeds and tax benefits.Material DetailsContext by AI AnalystThis is…