WakeCap, a Saudi-based company that uses smart sensors to improve project management in construction and oil & gas industries, has announced the acquisition of Trackfy, a company that provides workforce safety and operations solutions for industrial businesses.
This acquisition highlights WakeCap’s goal to expand globally, offer more advanced products, and strengthen its connections with customers across the entire construction and industrial sectors.
WakeCap is expanding at a time when global spending on infrastructure is growing rapidly. In Saudi Arabia alone, nearly $1 trillion is being invested in construction and urban development projects. This growth aligns with the country’s Vision 2030 goals to build safer, smarter, and more sustainable cities.
By combining Silicon Valley innovation, large-scale delivery in Saudi Arabia, and new connections in Brazil, WakeCap is uniquely positioned at the crossroads of AI, IoT, and industrial transformation.
With Brazil becoming its new Latin America headquarters, WakeCap’s acquisition of Trackfy helps the company expand across the region. The deal also allows WakeCap to continue supporting clients even after construction projects are finished.
By adding operations and maintenance services, WakeCap can now stay involved from the building stage through daily industrial operations. This connected approach gives customers a single platform for the entire facility lifecycle and adds more long-term value to their projects.
“Trackfy brings both regional expertise and product capabilities that perfectly complement WakeCap’s vision to put workers first, make jobsites safer, and bring clarity to the world’s most complex construction projects,” said Dr. Hassan Albalawi, Co-Founder and CEO of WakeCap. “WakeCap’s ability to capture and act on real-time jobsite data is critical for high-performing project controls, and this acquisition fuels our next stage of growth as we expand our global footprint, increasing the value we deliver to customers through richer insights, faster reporting, and greater operational efficiency. This is a strong cultural fit, and we are excited to welcome the Trackfy team to WakeCap.”
“WakeCap’s mission has always been to solve the construction industry’s most urgent problems through data, software, and IoT, while Trackfy has done the same across the operational core of industrial environments,” said Tulio Cerviño, CEO of Trackfy. “Joining forces enables us to scale our technology, expand into new regions, and serve customers across the full lifecycle of industrial projects. This move is more than just an acquisition – it’s a big step toward the realisation of a shared vision: to build the global standard for smart operations and industrial intelligence.”
Read more- GFTN Capital and Accion Partner to Boost Inclusive Fintech Innovation
