AT Advanced Technologies Asia Pacific, an international consulting firm providing commissioning management and engineering services for high-tech facilities and data centers, has been acquired by NV5 (Nasdaq: NVEE), a provider of compliance, technology, engineering, and environmental consulting solutions. Financial details of the acquisition were not disclosed.
AT’s clients include large international technology and financial companies that rely on the efficiency and stability of mission-critical data centers for their day-to-day operations. The deal was made with a combination of cash and shares. It would immediately be accretive to NV5’s earnings.
“Data center commissioning and mission critical engineering is a high-margin, high-growth sector that NV5 entered in early 2021 with the successful acquisition of Industrial Design Associates International,” said Dickerson Wright, PE, Chairman and CEO at NV5. “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.”
Projects in Asia and Australia
AT, which was founded in 1999, has completed over 350 projects across Asia and Australia and is based in Singapore, Hong Kong, and India. Victor John Carey, CEO and Founder of AT Advanced Technologies said, “We are delighted to join NV5, and the purchase improves our existing platform for potential development.”
“AT Advanced Technologies complements our energy efficiency and building analytics services and expands our international commissioning capabilities,” said Gary Hui, PE, Vice President of Energy Efficiency and Mission Critical Services at NV5. “We look forward to presenting our combined capabilities to existing customers and new client pursuits.”