NV5 Completes the Acquisition of L3Harris Subscription-Based Geospatial Software Business
HOLLYWOOD, Fla., April 10, 2023 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today the closing of its acquisition of L3Harris Technologies, Inc.’s Visual Information Solutions commercial geospatial technology and software business (“VIS”).
- HOLLYWOOD, Fla., April 10, 2023 (GLOBE NEWSWIRE) -- NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today the closing of its acquisition of L3Harris Technologies, Inc.’s Visual Information Solutions commercial geospatial technology and software business (“VIS”).
- First announced in December, the acquisition has received regulatory approvals and enhances NV5’s position as North America’s premiere provider of geospatial data solutions, accompanying the acquisition of Axim Geospatial completed earlier this year.
- “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,” said Dickerson Wright, PE, Chairman and CEO of NV5.
- Trademark Registrations for leading geospatial software applications with approximately 500,000 global users.