NV5 Acquires AT Advanced Technologies, Strengthening Data Center Commissioning and Mission Critical Services
December 28 2021 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of compliance, technology, engineering,
and environmental consulting solutions, announced today that it has
acquired AT Advanced Technologies Asia Pacific Pte. Ltd. (AT), an
international consulting firm providing commissioning management
and engineering services for high tech facilities and data centers.
AT’s clients include large international technology and financial
companies that depend on the efficiency and reliability of
mission-critical data centers for their day-to-day operations. The
acquisition was made with a combination of cash and stock and will
be immediately accretive to NV5’s earnings.
“Data center commissioning and mission critical engineering is a
high-margin, high-growth sector that NV5 entered in early 2021 with
the successful acquisition of Industrial Design Associates
International,” said Dickerson Wright, PE, Chairman & CEO of
NV5. “Singapore is one of the largest and fastest growing data
center markets in the world, and AT Advanced Technologies’ give us
a competitive edge in capitalizing on data center market growth in
Singapore and throughout Southeast Asia.”
Founded in 1999, AT has completed more than 350 projects in Asia
and Australia and operates out of three offices in Singapore, Hong
Kong, and India. “We are excited to join NV5 and the acquisition
strengthens our existing platform for further expansion,” said
Victor John Carey, CEO and Founder at AT Advanced Technologies.
“AT Advanced Technologies complements our energy efficiency and
building analytics services and expands our international
commissioning capabilities. We look forward to presenting our
combined capabilities to existing customers and new client
pursuits,” said Gary Hui, PE, Vice President of NV5 Energy
Efficiency and Mission Critical Services.
About AT Advanced Technologies AT Advanced
Technologies is a building services engineering, commissioning
management, and energy management consulting firm providing clients
with integrated skills and expertise to match the expectation of
blue chip multi-national companies. With a unique blend of
qualified technical staff from the UK, Australia, Singapore, and
various countries in South East Asia, AT Advanced Technologies
delivers world class services to clients in the financial and
technology markets. AT Advanced Technologies is a member of the
USGBC (LEED), the Commissioning Specialists Association (CSA) and
is bizSAFE Star certified.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of compliance, technology, engineering, and environmental
consulting solutions for public and private sector clients
supporting sustainable infrastructure, utility, and building assets
and systems. The Company focuses on multiple verticals: testing,
inspection & consulting, infrastructure, utility services,
buildings & program management, 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. For additional information, please visit the Company’s
website at www.NV5.com. Also visit the Company
on LinkedIn, Twitter, Facebook,
and Instagram.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. The Company cautions that these
statements are qualified by important factors that could cause
actual results to differ materially from those reflected by the
forward-looking statements contained in this news release. Such
factors include: (a) changes in demand from the local and state
government and private clients that we serve; (b) general economic
conditions, nationally and globally, and their effect on the market
for our services; (c) competitive pressures and trends in our
industry and our ability to successfully compete with our
competitors; (d) changes in laws, regulations, or policies; and (e)
the “Risk Factors” set forth in the Company’s most
recent SEC filings. All forward-looking statements are
based on information available to the Company on the date hereof,
and the Company assumes no obligation to update such statements,
except as required by law.
Investor Relations ContactNV5 Global, Inc.Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
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