Affluence Corp. acquires smart city IoT solution builder OneMind Technologies from Worldsensing

Codify Partners acted as the financial advisor to Worldsensing with its divest of the Smartcities' Onemind business unit.

Oak Brook, IL November 24, 2020 – Affluence Corporation (AFFU.PK) announced today the closing of the acquisition of OneMind Technologies SL from Worldsensing SL. The new entity is a wholly owned subsidiary of Affluence Corporation. Affluence Corporation was advised by Kirkland & Ellis in the US and Araoz & Rueda in Spain. Worldsensing SL was advised by Oakland Partners, Codify Partners and DWF RCD in Spain.

OneMind Technologies SL, based in Barcelona, Spain, helps organizations to transform operational decisions and reveal insights through real-time and multi-domain intelligence. Through its intelligent IoT solution builder OneMind, the company, creates applications for smart construction and smart city operations. The OneMind intelligent IoT Solution builder is used by organizations in the USA, Latin America, Europe, and South-East Asia to optimize operational processes and make real-time decisions based on data-driven insights and be more efficient, responsive, and sustainable. OneMind is very active in the Middle East and Africa region with a number of prospects planned for closure in the coming months.

“As part of Affluence Corporation, OneMind Technologies is in a unique position to generate synergies across the group, drive sustainable growth and become a global leader. OneMind Technologies’ ambition is to enable any organization to run smarter operations through our smart IoT solution builder” said Stephane Eyme, CEO of OneMind Technologies.

Rohan Chanmugam, CEO of Affluence Global, said: “We are delighted to welcome the OneMind Technologies team to the Affluence Corporation family. We are uniquely positioned to capitalize on the tremendous growth opportunities offered by OneMind, which combined with our edge computing solutions will have a significant impact in how business is done across the world in the near future.”

“OneMind has worked as an independent Worldsensing business unit and internal start-up for some time now. I have no doubt that the team will continue to thrive within the Affluence ecosystem. The OneMind sale leaves Worldsensing perfectly positioned to expand our leadership in critical infrastructure monitoring to tackle the fundamental mission of keeping people safe by monitoring assets in mining, construction, rail, and beyond,” said Worldsensing’s CEO, Ignasi Vilajosana.