A Hollywood, Florida-based consulting company has acquired a Wisconsin tech company with clients that include the U.S. military.
NV5 Global (Nasdaq: NVEE) said last week that it purchased Sun Prairie-based Axim Geospatial LLC for an undisclosed price.
NV5's acquisition of Axim and its recent absorption of Melbourne, Florida-based software company L3Harris Technologies expands its geospatial capabilities for clients in federal defense and intelligence sectors, chairman and CEO Dickerson Wright said.
The geospatial sector is involved with collecting geographical data that can be help mitigate risk, plan for growth, manage resources and advance science. Geospatial data can also be used for fighting wars, disaster response and executing humanitarian missions, according to Axim's website.
Axim's roots go back to the founding of GISinc. in Birmingham, Alabama, in 1991. In January 2021, GISInc. was acquired by Sun Prairie's Continental Mapping Consultants LLC, and in January 2022, Continental Mapping Consultants, GISinc. and another Continental subsidiary, TSG Solutions, were rebranded to Axim Geospatial.
Axim Geospatial has 340 employees operating from 180 countries. The company uses over 200 proprietary geospatial survey and mapping tools. It has 28 federal prime contracts, including the U.S. Army and U.S. Navy. Its recent wins include a five-year, indefinite delivery/indefinite quantity delivery order with the U.S. Department of Defense's National Geospatial-Intelligence Agency with a contract ceiling of $30 million.
NV5 Global has been steadily enhancing the services it provides to public and private sector clients by acquiring other companies.
NV5 reported full-year 2022 revenue of $786.8 million, up 11% from 2021.
