NV5 Acquires Axim Geospatial, a Leading Provider of Geospatial Solutions to Support Defense and Utilities
February 23 2023 - 8:00AM
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.
Headquartered in Wisconsin, Axim’s 340 employees operate out of
four offices and have delivered geospatial services in 180
countries and seven continents. Axim utilizes over 200 proprietary
geospatial survey and mapping tools to support repeatable,
scalable, and efficient geospatial data production and presents
opportunities for synergies associated with NV5’s high-altitude
data acquisition capabilities. Axim offers four geospatial delivery
models, including Survey and Mapping, Enterprise GIS and Cloud
Services, Critical Infrastructure and Security, and Business
Solutions and Analytics to deliver customized solutions to meet
clients’ critical business challenges.
“Since first entering the geospatial market in 2017, NV5 has
expanded its capabilities in geospatial data analytics,
subscription-based geospatial software, SaaS service models, and
proprietary, tech-enabled data acquisition to become the nation’s
leading provider of geospatial data solutions,” said Dickerson
Wright, PE, Chairman and CEO of NV5. “The acquisitions of Axim and
L3Harris’ commercial geospatial technology and software business
have made NV5 the leader in geospatial solutions for the defense
and intelligence community and strengthened NV5’s existing federal
geospatial team.”
“Axim Geospatial is proud to join NV5. Our mission has
been to use geospatial solutions to make the world a smarter,
safer, and better place to live, and as a part of NV5 we can
accelerate that mission,” said Dave Hart, Founder and CEO of Axim
Geospatial.
About Axim GeospatialAxim uses its geospatial
expertise to provide clarity and solutions to help customers solve
the world’s national security, infrastructure, and environmental
problems. Axim provides end-to-end geospatial services and
solutions throughout the U.S. through core competencies that
include big data services, geomatics, business solutions, cloud
services, infrastructure security, analytics, and professional
services. Axim serves customers in the national, state, and local
government, defense and intelligence, infrastructure, energy,
commercial, and environmental sectors.
About NV5NV5 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: testing,
inspection & consulting, infrastructure engineering, utility
services, buildings & owner representation, 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 Contact
NV5 Global, Inc.Jack CochranVice President, Marketing &
Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
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