NV5 Acquires Red Technologies, Strengthens Data Center and Mission Critical Services in Asia Pacific
08 8월 2023 - 9:00PM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a
provider of technology, conformity assessment, and consulting
solutions, announced today that it has acquired Red Technologies, a
provider of information technology and utility infrastructure
services for mission critical data centers. Red Technologies
clients include large international technology and financial
services companies that depend on data centers and cloud services
for their operations. The acquisition was made with a combination
of cash and stock and will be immediately accretive to NV5’s
earnings.
“The data center market is experiencing rapid growth,
particularly in the Asia Pacific Region, as deployment of 5G
service, increased reliance on smartphones, and demand for
connectivity drive the expansion of cloud service,” said Dickerson
Wright, PE, Chairman & CEO of NV5. “Red Technologies’
information technology and utility infrastructure design and
implementation services complement NV5’s existing MEP design and
commissioning services to provide a distinct value proposition
throughout the entire data center lifecycle and a competitive
advantage as we support our data center clients.”
Founded in 2000, Red Technologies operates out of offices in
Singapore, Malaysia, and Hong Kong and has deployed projects in
Australia, China, India, Japan, Korea, and throughout Southeast
Asia. Red Technologies has partnered with NV5 on past and current
projects and provides NV5 access to new international clients in
the data center market. With the acquisition of Red Technologies,
NV5 now has over 250 employees in the Asia Pacific region.
“We are excited to join NV5, and we look forward to the expanded
service offering that we can provide to our international data
center clients and the growth opportunities that NV5 will provide
to our employees across the region,“ said Maurice Baker, Founder
and CEO of Red Technologies.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of technology, conformity assessment, and consulting
solutions for public and private sector clients supporting utility,
infrastructure, and building assets and systems. The Company
primarily focuses on six business verticals: Utility services,
infrastructure engineering, testing, inspection & consulting,
buildings & technology, environmental health sciences, and
geospatial services. 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
Twitter, LinkedIn, Facebook, and Vimeo.
About Red
Technologies Headquartered
in Singapore, Red Technologies has performed specialized design,
technical, and maintenance services for major international telecom
operators and corporations and subject matter experts. Red
Technologies provides a full range of professional services that
encompass the entire data center lifecycle including feasibility
studies, design, consultancy, construction management, integration,
maintenance service support, and facilities asset management.
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
Source: NV5 Global, Inc.
NV5 Global (NASDAQ:NVEE)
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