ZenaTech Eyes Surveying Firms in US, Canada, Australia for C$40M Revenue Boost
ZenaTech has signed multiple letters of intent to acquire surveying and geospatial firms across three countries, targeting C$40M in new revenue within a year.
If you've been watching the drone industry, you already know it's growing fast — and ZenaTech is clearly trying to ride that wave in a big way. The company, considered one of the world's leading Drones as a Service (DaaS) providers, has signed multiple offers to acquire surveying and geospatial services companies spread across the United States, Canada, and Australia. That's a lot of geography to cover, and that's kind of the point.
The deals are expected to add roughly C$40 million in revenue during the first 12 months after closing. For context, "geospatial services" basically means using technology — including drones — to collect, map, and analyze data about physical locations. Think land surveying, infrastructure inspection, environmental monitoring, and similar work that used to require a lot more boots on the ground.
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ZenaTech is betting that rolling up established surveying businesses is a smart shortcut to global scale. Rather than building a customer base from scratch in each country, acquiring firms that already have local contracts and credibility gives the company an immediate foothold. It's the kind of acquisition playbook you see a lot in fast-growing tech-adjacent industries.
The broader drone services market is expanding at more than 25% annually, according to the company, which makes the timing feel deliberate. As regulations around commercial drone use continue to mature in all three target countries, demand for professional drone-powered surveying and geospatial work is likely to keep climbing. ZenaTech appears to be positioning itself ahead of that curve rather than chasing it.
The acquisitions haven't officially closed yet, so the C$40 million revenue projection is still a forward-looking estimate tied to the deals going through as planned. Investors and industry watchers will want to keep an eye on closing timelines and any regulatory hurdles that could affect the timeline. Continue reading at GlobalNewswire.
