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Sanborn Acquires Appgeo; Creates Geospatial Powerhouse

Sep 14, 2022•almost 3 years ago

Acquiring Company

Sanborn

Acquired Company

AppGeo

Colorado Springs

Description

The Sanborn Map Company, Inc. (Sanborn) a geospatial solution provider of analytics, imagery, lidar, photogrammetry, software applications, and related services to government and commercial clients, announced today that it has acquired Applied Geographics, Inc. (AppGeo). AppGeo has helped hundreds of governments and businesses develop the best GIS, location intelligence, and geospatial solutions for their needs. Sanborn was represented by The Environmental Financial Consulting Group, LLC (EFCG) and AppGeo was represented by Mirus Capital Advisors, Inc. Terms of the acquisition were not disclosed.

Company Information

Company

Sanborn

Location

Jamboree Drive

Colorado Springs, Colorado, United States

About

The Sanborn Map Company, Inc. (Sanborn) is an innovator in the modern geospatial industry, delivering state-of-the-art mapping, visualization and 3D solutions for customers worldwide. The firm currently operates a fleet of aircraft located strategically across the United States. Embracing cutting-edge technology, Sanborn specializes in oblique aerial imagery, aerial and mobile LiDAR mapping, aerial orthophotography, 3D modeling and visualization software and services, SPIN indoor mapping, unmanned aircraft system (UAS) sales, services and image processing, and a host of geospatial software products. For more information visit www.sanborn.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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