Veris Limited Expands Digital Services with Strategic Acquisition of Spatial Vision for Up to $3.0 Million.

Veris Limited has acquired Spatial Vision Innovations for up to $3.0 million, expanding its digital service offerings and strengthening its market position in spatial solutions and GIS services. The acquisition is expected to boost Veris' revenue from FY26, enhance its service portfolio, and provide significant operational and financial synergies. Veris is a leading digital and spatial data advisory and consulting firm with a market focus on government sectors and private industries requiring digital transformation.

Veris Limited, a leading digital and spatial data advisory and consulting firm based in Australia, has recently announced the acquisition of Spatial Vision Innovations for up to $3.0 million [1][2]. This strategic move is expected to expand Veris' digital service offerings, strengthen its market position in spatial solutions and Geographic Information Systems (GIS) services, and generate significant operational and financial synergies.

Veris Limited, known for its comprehensive range of professional geodata services, caters to clients in various sectors, including infrastructure, real estate, energy, mining and resources, defense, agriculture, tourism, recreation, and government across Australia [1][2]. The company's service portfolio encompasses digital and spatial surveying, engineering surveying, property surveying, and urban planning and design.

Spatial Vision Innovations, an innovative provider of geospatial solutions, brings valuable expertise in terrestrial and mobile laser scanning, geographic information systems, and data-as-a-service to the table [2]. The acquisition is expected to enhance Veris' service offerings by integrating Spatial Vision Innovations' advanced technologies and expanding its capabilities in delivering end-to-end geospatial solutions.

The acquisition is also expected to provide significant operational and financial synergies, as Veris anticipates cost savings through shared resources and economies of scale [1]. Furthermore, the combined company's expanded service offerings are expected to boost Veris' revenue from Financial Year 2026 (FY26) onwards [1].

In conclusion, Veris Limited's strategic acquisition of Spatial Vision Innovations is a testament to the company's commitment to growth and innovation in the digital and spatial data advisory and consulting sector. By expanding its service offerings and strengthening its market position, Veris is well-positioned to capitalize on the growing demand for advanced geospatial solutions in various industries.

References:
[1] ZoneBourse. (2023, March 23). Veris acquiert Spatial Vision Innovations: actions font un bond de 5%. Retrieved from https://www.zonebourse.com/cours/action/VERIS-LIMITED-34460180/actualite/Veris-acquiert-Spatial-Vision-Innovations-les-actions-font-un-bond-de-5--48906930/
[2] MarketScreener. (2023, March 23). Veris erwirbt Spatial Vision Innovations: Aktien steigen um 5%. Retrieved from https://de.marketscreener.com/kurs/aktie/VERIS-LIMITED-34460180/news/Veris-erwirbt-Spatial-Vision-Innovations-Aktien-steigen-um-5-48906930/