Article

Enverus is set to acquire Spatial Business Systems (SBS), an AI-enabled design automation platform for utilities, telecommunications, and engineering teams. This acquisition aims to enhance Enverus' capabilities to meet the growing demands for utility capital projects amidst modernization efforts, with utilities expected to invest over $1 trillion by 2029.

SBS's solutions will improve engineering workflows through customizable templates and automated reporting. The transaction is anticipated to close in Q2 2026, pending regulatory approvals.