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Stock impact report

NV5 Acquires GIS Solutions, Inc, Enhances Geospatial Application Development and Cloud Services for Departments of Transportation [Yahoo! Finance]

NV5 Global, Inc. (NVEE) 
Last nv5 global, inc. earnings: 2/26 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.nv5.com/investor-overview
Company Research Source: Yahoo! Finance
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. “Tech-enabled services, such as geospatial solutions, have grown as a percentage of NV5's revenue as we focus on services with higher margins and more rapid scalability than traditional surveying services, and we are pleased to add GIS Solutions to the NV5 organization,” said Dickerson Wright, PE, Executive Chairman of NV Show less Read more
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