NV5 Acquires AT Advanced Technologies For Undisclosed Sum

NV5 Global Inc (NASDAQ:NVEE) has acquired AT Advanced Technologies Asia Pacific Pte. Ltd., an international consulting firm providing commissioning management and engineering services for high-tech facilities and data centers. Deal terms were not disclosed.
Founded in 1999, AT operates out of three offices in Singapore, Hong Kong, and India.
The transaction was a combination of cash and stock and is expected to be immediately accretive to NV5's earnings.
NV5 noted AT Advanced Technologies complements its energy efficiency and building analytics services and expands the international commissioning capabilities.
"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," commented Dickerson Wright, Chairman & CEO of NV5.
The company held cash and cash equivalents of $121.39 million as of October 2, 2021.
Price Action: NVEE shares closed higher by 2.14% at $134.41 on Monday.