NV5 Acquires GIS Solutions, Inc, Enhances Geospatial Application Development and Cloud Services for Departments of Transportation
HOLLYWOOD, Fla., April 04, 2024 (GLOBE NEWSWIRE) — NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:NVEE), a provider of technology, conformity assessment, and consulting solutions announced today that it has reached an agreement to acquire GIS Solutions, Inc. (“GIS Solutions”), a full range provider of enterprise geographic information system (GIS) technologies and services including GIS application development, cloud-based database design, data science, and project management. GIS Solutions supports state departments of transportation and utilities by developing solutions that monitor asset management, expedite efficient service delivery, and deliver real time mapping and incident reporting. The acquisition was made with a combination of cash and stock and will be immediately accretive to NV5’s earnings.