Red Technologies, a provider of
information technology and utilities infrastructure services for mission-critical data centers, has been bought by NV5 Global, Inc., a provider of technology, conformity assessment, and consulting solutions. Large worldwide technology and financial services firms that rely on
data centers and cloud services for their operations are some of Red Technologies' clients. The purchase was funded by a combination of cash and stock and will boost NV5's earnings right away.
“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.”
Red Technologies was established in 2000 and has offices in Singapore, Malaysia, and Hong Kong. Its projects have been implemented in Australia, China, India, Japan, Korea, and all of Southeast Asia. With Red Technologies, NV5 has access to new international clients in the data center business as well as past and present projects. Red Technologies' acquisition has increased NV5's workforce in the Asia Pacific area to over 250 people.
“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.
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