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Dive brief:
- Toledo, Ohio-based Ground Penetrating Radar Systems, which specializes in laser scanning and infrastructure maintenance, has acquired Existing Conditions, a Boston-based 3D BIM modeling company, GPRS. announced on July 31.
- According to the announcement, Existing Conditions uses state-of-the-art technology and processes to deliver point clouds, as-built drawings and 3D BIM models to its customers in the construction industry.
- The existing terms agreement marks the tenth acquisition of GPRS, which has been in operation since 2001. Last year, it Added TruePoint Laser Scanning in its portfolio, enabling it to serve customers in underground location and above-ground mapping. GPRS specializes in utility locating, concrete scanning, video pipe inspection and leak detection, among other modeling services.
Diving knowledge:
GPRS plans to integrate the Existing Conditions team over time as it helps the company expand its line of services in 3D laser scanning and BIM modeling, according to GPRS Marketing Associate Christian Wagenhauser.
GPRS counts New York City-based Turner Construction, Dallas-based AECOM and Montreal-based WSP among its clients, according to the company.
With the acquisition, GPRS can double the size of its 3D laser and mapping and modeling equipment, according to Jason Schaff, the corporation’s chief strategy officer, in a subsequent press release.
“Existing Conditions is one of the leading visualization companies in the country,” Schaff said in the statement. “This acquisition means we can put our considerable resources behind their outstanding work.”
GPRS isn’t the only company making a move in 2024: In May, Westminster, Colorado-based tech giant Trimble acquired payment and fulfillment platform Flashtractits third acquisition in just over a year.
