ZenaTech to Acquire Multiple Geospatial Companies; Expects C$40M Revenue
ZenaTech, Inc. announced it has signed new offers to acquire multiple land survey and geospatial services companies across the US, Canada, and Australia. These acquisitions are expected to collectively contribute approximately C$40 million in revenue over the 12 months following closing. CEO Shaun Passley highlighted that these deals represent a transformational milestone, expanding customer relationships, geographic reach, and geospatial expertise, while creating a scalable platform for integrating AI-powered drone solutions and accelerating recurring revenue opportunities. This move aligns with ZenaTech's strategy to convert traditional operations to a Drone as a Service (DaaS) model, capitalizing on the rapidly growing global drone services market.
Key Highlights
- Signed offers to acquire multiple land survey and geospatial services companies.
- Expected to contribute approximately C$40 million in revenue over 12 months post-closing.
- Acquisitions are located in the US, Canada, and Australia.
- CEO Shaun Passley called it a "transformational milestone" for DaaS business.
- Company reported 640% year-over-year first-quarter revenue growth.
- Global drone services market projected to reach over US$261 billion by 2034.
- Acquisitions are subject to customary closing conditions and due diligence.
Price Impact
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