NV5 Global 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. 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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NVEE:
- NV5 Acquires Red Technologies, Strengthens Data Center and Mission Critical Services in Asia Pacific
- NVEE Earnings this Week: How Will it Perform?
- NV5 Global to host investor day
- NV5 Global awarded $16M contract for combined sewer overflow reduction project
- NV5 to Host 2023 Investor Day on Thursday, July 27th