ZenaTech targets survey and geospatial acquisitions across three continents

ZenaTech says it has signed offers to buy multiple land surveying and geospatial services companies in the U.S., Canada and Australia, a move that could add about C$40 million in revenue in the 12 months after closing. The deals would widen the company's Drone as a Service footprint and deepen its push to convert traditional service businesses into recurring drone-enabled operations.

Why it matters: - ZenaTech is trying to expand its Drone as a Service model through acquisitions, not just internal product growth. - The potential deals would add customer relationships, geographic reach and geospatial expertise across three key markets. - ZenaTech says the strategy is designed to create recurring revenue from drone-enabled surveying, inspection and monitoring services. - The move comes as the global drone services market is estimated at about US$32 billion in 2025 and projected to exceed US$261 billion by 2034.

What happened: - ZenaTech signed offers to acquire multiple land survey and geospatial services companies in the U.S., Canada and Australia. - The company said the targets could collectively contribute about C$40 million in revenue over the 12 months after closing. - ZenaTech disclosed the transaction update on July 16, 2026. - The company trades on Nasdaq under ZENA, on the FSE as 49Q and on the BMV as ZENA. - ZenaTech is a B2i Digital Featured Company. See the company's profile.

The details: - The revenue estimate is based on unaudited financial information from the target companies and management estimates. - The estimate has not been verified by auditors. - Each proposed acquisition still needs customary closing conditions. - Those conditions include due diligence and signed definitive agreements. - ZenaTech said there is no assurance any proposed transaction will close. - The company said it will provide more details after any transaction closes. - ZenaTech's broader acquisition plan focuses on legacy and low-tech businesses such as land surveying, infrastructure and renewable energy inspections, and power washing. - The company plans to convert those operations into a Drone as a Service business model. - ZenaTech describes DaaS as similar to SaaS, but with turnkey drone-powered services and data delivered on a recurring subscription or usage basis. - The model gives customers access to surveying, inspection, monitoring and precision agriculture capabilities without buying drone fleets or hiring specialized staff.

Between the lines: - The acquisition strategy appears aimed at speeding adoption by buying operating businesses with established customers and then layering in drone automation. - The C$40 million revenue estimate is meaningful, but it remains an estimate tied to unaudited target-company data and unfinished deal terms. - ZenaTech is signaling confidence that recurring service revenue will be more durable than one-time hardware sales. - CEO Shaun Passley called the signed offers a transformational milestone and linked the strategy to the company's 640% year-over-year first-quarter revenue growth, but that growth claim is not tied to the acquisition announcements themselves.

What's next: - ZenaTech must complete due diligence and sign definitive agreements before any purchase can close. - The company expects to release additional details if and when the acquisitions are completed. - Investors will be watching whether ZenaTech can turn the signed offers into closed deals and integrate the targets into its DaaS rollout. - The company also continues to position its AI drone platforms for industrial, government and defense markets, alongside broader R&D in drone swarms, quantum computing and advanced autonomy.

The bottom line: - ZenaTech is trying to use acquisitions to turn a fragmented surveying and geospatial services market into a global, recurring drone-services platform.