ZenaTech to Acquire Western Canada Surveying Firm
ZenaTech, Inc. announced it has signed an offer to acquire a consolidated surveying company with a regional presence in Western Canada. This acquisition is part of ZenaTech's North American expansion strategy, focusing on growing its Drone as a Service (DaaS) footprint in the geospatial sector, which includes key industries like infrastructure, utilities, forestry, mining, and agriculture. The company believes this move will expand its service offerings, increase recurring revenue opportunities, and capitalize on the growing demand for geospatial data and aerial intelligence solutions in the region, leveraging Canada's progressive BVLOS regulatory framework and a drone market projected to reach over $11 billion by 2033.
Key Highlights
- ZenaTech signed an offer to acquire a consolidated surveying company in Western Canada.
- The acquisition aims to expand ZenaTech's Drone as a Service (DaaS) presence in the geospatial sector.
- Target industries include infrastructure, utilities, forestry, mining, and agriculture.
- The Canadian drone market is estimated at $4.5 billion in 2025, projected to exceed $11 billion by 2033.
- The Canadian drone market is expected to grow at a CAGR of over 11%.
- Canada has a progressive regulatory framework for Beyond Visual Line of Sight (BVLOS) operations.
Price Impact
More from ZENA