- 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.
CNN Reporter Tweets ‘Good news on Omicron and vaccines: “The early indication is that you are going to be protected against serious illness with two doses of mRNA-containing vaccines. And the booster dose can increase antibodies,”‘
https://twitter.com/jimsciutto/status/1467928970092068864
