WakeCap, a sensor-based project intelligence and control platform used in some of the world’s most complex construction and oil and gas projects, has announced the acquisition of Trackfy, an operational and workplace safety solution for industrial companies.
In a joint statement, the companies said the transaction creates the “largest global intelligence platform for managing field teams”, currently operating across active projects worldwide with a combined value exceeding $120 billion.
WakeCap counts several high-profile clients in Saudi Arabia, including the state-owned oil giant Aramco.
In Brazil, WakeCap Technologies, Inc. was advised by Veirano Advogados, with a team led by partner Guilherme Ohanian Monteiro.
The company has a particularly strong presence in the civil engineering sector, where it provides services on major projects such as NEOM, the smart city under development on the Red Sea, and Qiddiya, an entertainment and leisure megaproject that includes theme parks and a Formula 1 circuit near Riyadh.
Saudi Arabia has for several years been pursuing an ambitious strategy to diversify its economy beyond oil, committing close to one trillion US dollars to construction and urban development projects over the next five years.
Prior to the acquisition, WakeCap operated in the United States, Japan, Saudi Arabia, the United Arab Emirates, Egypt and Morocco. The transaction marks its entry into Latin America.
Trackfy serves 15 major industrial clients, including leading companies in the steel, oil and gas, chemical and agricultural sectors. Among the names disclosed are Tronox, a producer of titanium dioxide pigments, and Bayer, the German chemicals and pharmaceuticals group.
Legal Advisers
Advisers to WakeCap Technologies, Inc. (Brazil):
- Veirano Advogados: Partner Guilherme Ohanian Monteiro; Senior Associate Pedro Salgueiro Figueiredo; Counsels Eduardo Silveiro and Filipe Faria de Figueiredo Alfradique.
Advisers to WakeCap Technologies, Inc. (United States):
- Gunderson Dettmer: Partners Maggie White, Michelle K. Pang and Vikram S. Dharasker.
