Through Q1 2018, 15 mergers and acquisitions (M&A) were announced or closed in the Mapping, Modeling & Simulation (MM&S) sector—comparable to Q1 2017 deal activity. Strategic acquirers accounted for 13 transactions, while private equity groups (PEGs) seeking investment opportunities accounted for two transactions. This breakdown is consistent with historic acquisition trends. Recent M&A activity involving MM&S businesses has been primarily driven by strategic acquirers adding new technological capabilities to differentiate their service offerings. The sector should remain attractive for further transactions of this type as technological innovations are likely to continue impacting MM&S activities.