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Benzinga
Benzinga
Business
Akanksha Bakshi

NV5 Acquires GEO1 For Undisclosed Sum

NV5 NVEE Nasdaq California Hawthorne
  • NV5 Global Inc (NASDAQ:NVEE) has acquired GEO1 through an asset purchase of Aerial Filmworks, LLC. Deal terms were not disclosed.
  • Hawthorne, California-based GEO1 provides geospatial lidar, aerial imagery, and data analytics solutions to utilities, government agencies, and the environmental sector. It has 25 employees.
  • NVEE expects the acquisition to be immediately accretive to its earnings.
  • GEO1 expands NV5's embedded relationships with key utility clients.
  • NVEE held cash and equivalents of $81.95 million as of April 2, 2022.
  • Price Action: NVEE shares are trading higher by 2.02% at $108.50 on the last check Tuesday.
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