Brief: Bowman Acquires MTX Surveying Expands Energy-Oriented Geospatial, Survey And Project Management Services

Bowman Consulting

05/06/2023 16:14

June 5 (Reuters) - Bowman Consulting Group Ltd  BWMN.O :
    * BOWMAN ACQUIRES MTX SURVEYING; EXPANDS ENERGY-ORIENTED
GEOSPATIAL, SURVEY AND PROJECT MANAGEMENT SERVICES
    * BOWMAN CONSULTING GROUP LTD - COMPANY ANTICIPATES
ACQUISITION
WILL INITIALLY CONTRIBUTE APPROXIMATELY $9 MILLION OF ANNUALIZED
NET SERVICE BILLING
    * BOWMAN CONSULTING GROUP - ACQUISITION FINANCED WITH A
COMBINATION OF CASH, SELLER NOTES, AND EQUITY
    * BOWMAN CONSULTING GROUP LTD - DEAL EXPECTED TO BE
IMMEDIATELY
ACCRETIVE
    * BOWMAN CONSULTING GROUP LTD - MTX STAFF WILL ALL BECOME
BOWMAN
EMPLOYEES IN CONNECTION WITH ACQUISITION

Source text for Eikon:  ID:nBwyhRFha 
Further company coverage:  BWMN.O 

 ((Reuters.Briefs@thomsonreuters.com;))