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  5. Affluence Acquires Mingothings

M&A Deal Summary

Affluence Acquires Mingothings

On December 23, 2024, Affluence acquired information technology company Mingothings

Acquisition Highlights
  • This is Affluence’s 1st transaction in the Information Technology sector.
  • This is Affluence’s 1st transaction in Spain.

M&A Deal Summary
Date 2024-12-23
Target Mingothings
Sector Information Technology
Buyer(s) Affluence
Deal Type Add-on Acquisition

Target

Mingothings

Barcelona, Spain
Mingothings is a specialist in integrated IoT solutions and data analytics for smart cities and connected industries. With expertise in real-time data processing, sensor integration, and adaptable IoT platforms, MTI provides innovative solutions designed to maximize efficiency, sustainability, and operational performance in diverse IoT applications. Mingothings was founded in 2016 and is based in Barcelona, Spain

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Buyer(S) 1

Buyer

Affluence

Chicago, Illinois, United States
Category Company
Founded 2008
Sector Internet Software and Services
DESCRIPTION

Affluence is a diversified technology company focused on edge computing and innovative cloud solutions that capitalize on IoT, AI and 5G technologies. Affluence was founded in 2008 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Spain M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Flexiscale Technologies

Nottingham, United Kingdom

Flexiscale Technologies Ltd. is a edge cloud service provider using its scalable modular edge cloud nano node infrastructure that allows customers and application service providers to rapidly launch their edge applications and services on any flexiscale edge cloud location. Flexiscale Technologies was founded in 2013 and is based in Nottingham, United Kingdom.

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