Affluence Corporation Announces Intent to Acquire Multiple IoT Technology and Integration Services Companies [Yahoo! Finance]
AFFLUENCE CORP (AFFU)
Company Research
Source: Yahoo! Finance
OAK BROOK, IL / ACCESSWIRE / April 9, 2024 / Affluence Corporation , a leader in Smart City Software and Internet of Things (IoT) technology, today announced that it has reached an agreement to acquire three IoT technology companies and, along with OneMind Technologies, will form a new company named Digibriks. The proposed acquisition includes companies with complementary software products, engineering, integration, and implementation services capabilities. Affluence has executed Letters of Intent with all three companies, and upon completion, Digibriks will become a wholly owned subsidiary of Affluence, giving OneMind Technologies an end-to-end solution and entry into Telecom, Manufacturing as well as expanding its footprint into the Smart City markets. Affluence is under NDA with all three companies, and the acquired companies will be identified via press release upon completion of the definitive acquisition documents. "This proposed acquisition is a continuation of our strategic
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