Loeb & Loeb represented NV5 Global, Inc. a provider of technology, conformity assessment and consulting solutions for public and private sector clients, in a definitive purchase agreement to acquire L3Harris Technologies, Inc.’s Visual Information Solutions (VIS) commercial geospatial technology and software business. VIS provides mission-critical, commercial geospatial solutions through proprietary software applications such as ENVI and SARscape, the world’s leading software platforms for analyzing hyperspectral and satellite-based radar data.
The acquisition is an all-cash transaction and will be immediately accretive to NV5’s earnings. Closing is subject to regulatory approvals and is currently anticipated to occur during the first half of 2023. The acquisition expands NV5’s position as a leading provider of subscription-based software products for the analysis and management of geospatial data. NV5 will acquire 16 U.S. Patents for geospatial data analysis, imaging, real-time weather monitoring and situational awareness. NV5 will also acquire the trademarks for ENVI, IDL, Jagwire, Amplify and Helios software applications, including 13 U.S. and non-U.S. Trademark Registrations.
The Loeb team that represented NV5 Global, Inc. included Lloyd Rothenberg deputy chair of Capital Markets & Corporate; Corporate partner Megan Stombock, associates Janet Tasigianis, Stephanie Schmalz and Jared Rabinowitz, and senior paralegal Hope Wankel; Executive Compensation partner Marina Casani; Employment & Labor associate Lauren Richards; Advanced Media & Technology of counsel Eyvonne Mallett and associate Maxwell Harwitt; Litigation partners Tiffany Moseley and Albert Cohen and senior counsel Nicole Travers; Tax partner Ryan Austin and associate Simoné Hovsepian; Patent Litigation partner Bill Voller; Real Estate partner Peter Strauss and senior counsel Dana Rosenthal.
For more information, please see the official press release.