Key Takeaways
- ZenaTech signs offer to acquire a California-based civil engineering and land surveying firm
- Marks the company’s first proposed transaction in the U.S. Southwest or West Coast
- Acquisition would provide entry into California’s agriculture and viticulture sectors
- Drone as a Service (DaaS) model supports surveying, imaging, and crop monitoring applications
- Part of ZenaTech’s broader plan to pursue up to 20 U.S. acquisitions within 12 months
ZenaTech Announces Proposed Acquisition to Expand Regional Operations
ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA), a company focused on AI drone technology and enterprise SaaS, has signed an offer to acquire a civil engineering and land surveying firm based in California. The company states the acquisition would serve as its first location in the Southwest and West Coast region and is intended to support the growth of its Drone as a Service (DaaS) operations.
The targeted firm has an existing customer base in commercial construction and environmental sectors, which ZenaTech indicates aligns with its existing drone-based service offerings.
Entry into California’s Agriculture Market
According to ZenaTech, California represents a potential growth area for drone-based services due to the scale and diversity of the state’s agricultural economy, as well as specific challenges related to labor, water use, and climate variability. The company plans to apply its drone technology to support applications such as crop health monitoring, precision spraying, irrigation analytics, and wildfire detection.
“[This] is a strategic foothold into a high-value, high-growth state for precision agriculture,” said Shaun Passley, Ph.D., CEO of ZenaTech.
ZenaTech’s Drone as a Service Model and Planned Expansion
ZenaTech operates on a Drone as a Service model, offering clients access to drones, software, and regulatory compliance without requiring them to own or manage the equipment. This model is used in industries such as agriculture, construction, and infrastructure inspection.
The company has completed six acquisitions in the U.S. as part of this strategy and has publicly stated its intention to complete approximately 20 additional acquisitions over the next year.
