StockWatch
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Computer Software: Prepackaged Software
AcquisitionsJul 22, 2026, 04:18 PM

ZenaTech to acquire Alberta land surveying firm for oil & gas DaaS

AI Summary

ZenaTech, Inc. announced it has signed an offer to acquire an Alberta-based land surveying and geomatics company, marking its first land surveying acquisition in Canada and expanding its Drone as a Service (DaaS) into the oil and gas sector. The company also launched ZenaWorx, a new LiDAR analytics SaaS platform targeting the rapidly growing AI data center construction market. Additionally, ZenaTech plans to pursue investment opportunities with the U.S. Department of War and Office of Strategic Capital, leveraging its NDAA-compliant drone manufacturing capabilities. The company also unveiled a strategic partnership program to acquire founder-led companies in defense technology, enterprise SaaS, and AI infrastructure.

Key Highlights

  • Signed offer to acquire an Alberta-based land surveying company.
  • Expands Drone as a Service (DaaS) into the oil and gas industry.
  • Global oil & gas drone inspection market valued at $2.3B, growing at 28.5% CAGR.
  • Launched ZenaWorx, a LiDAR analytics SaaS for AI data center construction.
  • AI data center construction market growing at 30% annually.
  • Pursuing investment opportunities with U.S. Department of War and Office of Strategic Capital.
  • ZenaDrone 1000 completed paid trials with U.S. Air Force and Navy Reserve.
  • Announced partnership program to acquire profitable, founder-led companies.