NV5 Global, Inc. (Nasdaq: NVEE) has closed their acquisition of L3Harris Technologies, Inc.’s Visual Information Solutions commercial geospatial technology and software business (“VIS”).
First announced last December, the acquisition has received regulatory approvals and enhances NV5’s position as a premiere provider of geospatial data solutions in North America, accompanying the acquisition of Axim Geospatial that was completed earlier this year.
The VIS acquisition includes 16 U.S. Patents for geospatial data analytics. NV5 will also receive ownership of an additional 13 U.S. and non-U.S. Trademark Registrations for leading geospatial software applications with approximately 500,000 global users. These software products include prominent applications such as ENVI, IDL, Jagwire, Amplify, and Helios, which are relied upon by the United States Department of Defense and federal civilian agencies for the analysis and management of geospatial data.
“This acquisition supports NV5’s expansion in a subscription-based geospatial product and service model and strengthens our role in supporting the nation’s defense and intelligence communities through geospatial information management and analytics. As the only provider of software solutions to analyze over 200 geospatial data types and comprehensive in-house LiDAR, topobathymetric LiDAR, and full ocean depth sonar capabilities, NV5 has built a distinct competitive advantage and robust platform to support accelerated organic growth.” — Dickerson Wright, PE, Chairman and CEO of NV5
NV5 Global, Inc. is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting sustainable infrastructure, utility, and building assets and systems. The Company focuses on multiple verticals: testing, inspection & consulting, infrastructure engineering, utility services, buildings & owner representation, environmental health sciences, and geospatial technology services to deliver innovative, sustainable solutions to complex issues and improve lives in our communities. NV5 operates out of more than 100 offices nationwide and abroad.