NV5 Acquires GIS Solutions, Inc, Enhances Geospatial Application Development and Cloud Services for Departments of Transportation
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.
- 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 NV5.
- GIS Solutions also provides cloud-managed and systems design services to help organizations employ geospatial solutions.