Affluence Corporation Completes Acquisition of Mingothings SLU
Oak Brook, IL / ACCESS Newswire / May 19, 2025 — Affluence Corporation (OTC Pink: AFFU), a company specializing in Smart City Software and Internet of Things (IoT) technology, has announced the completion of its acquisition of Mingothings SLU (MTI), a Barcelona-based firm specializing in integrated IoT solutions and data analytics for smart cities and connected industries. This acquisition marks a significant step in Affluence Corporation’s strategy to expand its market reach and ensure profitable growth.
The acquisition was finalized with a definitive agreement notarized in accordance with Spanish law. Mingothings SLU will now integrate with OneMind Technologies (OMT), another wholly-owned subsidiary of Affluence Corporation. This integration aims to enhance the OneMindNG platform with advanced IoT connectivity and data analytics capabilities.
The strategic move is expected to capitalize on the rapidly growing Smart City and Connected Industries IoT market. According to projections by Fortune Business Insights, this market is anticipated to expand from $768 billion in 2024 to $4.6 trillion by 2032, representing a compound annual growth rate (CAGR) of 25.2%. By combining the offerings of Mingothings SLU and OneMind Technologies, Affluence Corporation aims to streamline customer experiences and pursue larger market opportunities.
Affluence Corporation, based in Chicago, operates within the Communication Services sector, specifically in the Interactive Media & Services industry. The company is traded on the OTC Bulletin Board, with a close price of $0.0003 as of May 15, 2025. The acquisition of Mingothings SLU is a crucial component of Affluence Corporation’s planned acquisition strategy to scale and profitably grow the group.
This acquisition underscores Affluence Corporation’s commitment to expanding its technological capabilities and market presence in the IoT sector, positioning the company to leverage significant growth opportunities in the coming years.