Nv5 Acquires Axim Geospatial, A Leading Provider Of Geospatial Solutions To Support Defense And Utilities

Feb 23, 2023•over 2 years ago

Acquiring Company

NV5

Acquired Company

Axim Geospatial

HollywoodNatural ResourcesSustainabilityInformation TechnologyManufacturingProfessional ServicesGeospatialConsultingInformation TechnologyAnalytics

Description

NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has acquired Axim Geospatial (“Axim”). Axim expands NV5’s capabilities in the federal defense and intelligence sectors and strengthens NV5’s leadership position in geospatial utility solutions. Axim’s industry-leading enterprise geographic information systems (GIS) also strengthen NV5’s GIS capabilities through cloud managed services, delivering secure and scalable offerings to meet the growing need for GIS data and analytics.

Company Information

Company

NV5

Location

Hollywood, Florida, United States

About

NV5 Global, Inc. (NASDAQ: NVEE) 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: construction quality assurance, infrastructure engineering, utility services, buildings & technology, 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..

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed