AcquisitionsJul 14, 2026, 06:35 PM
ZenaTech Signs Offers to Acquire Multiple Surveying Firms; Expects C$40M Revenue
AI Summary
ZenaTech, Inc. announced it has signed new offers to acquire multiple surveying and geospatial services companies across the United States, Canada, and Australia. These acquisitions are expected to collectively contribute approximately C$40 million in revenue during the 12 months following their closure. The move is part of ZenaTech's strategy to expand its Drones-as-a-Service (DaaS) business, integrate AI-powered drone autonomy into traditional operations, and enhance its market position in key geographic regions. The company aims to transform established, low-tech businesses into a DaaS model, capitalizing on the rapidly growing global drone services market.
Key Highlights
- Signed offers to acquire multiple surveying and geospatial services companies.
- Expected to contribute approximately C$40 million in revenue over 12 months post-closing.
- Acquisitions are located in the United States, Canada, and Australia.
- Aims to significantly expand customer relationships, geographic reach, and geospatial expertise.
- Strategy to integrate AI-powered drone autonomy into established operations.
- Focuses on transforming traditional businesses into a Drones-as-a-Service (DaaS) model.
- Global drone services market projected to exceed $261 billion by 2034.
- Transactions are subject to customary closing conditions and due diligence.
Price Impact
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