ZenaTech to Acquire Alberta Surveying Company for 28.5% Growing Oil and Gas DaaS
ZenaTech signs an offer to acquire an Alberta-based land surveying firm serving Alberta, British Columbia and Saskatchewan, marking its first Canadian oil and gas DaaS expansion. The target company uses drone workflows in 80% of projects and taps into the USD 2.3 billion oil and gas drone inspection market growing at 28.5% annually.
1. Acquisition Deal Details
ZenaTech has signed an offer to acquire an Alberta-based land surveying and geomatics company operating across Alberta, British Columbia and Saskatchewan. This transaction represents ZenaTech’s first land surveying acquisition in Canada and establishes its presence in the oil and gas sector’s Drone-as-a-Service offerings.
2. Strategic Rationale and Market Opportunity
The target firm already integrates drones into approximately 80% of its surveying, mapping and environmental assessment projects, providing a ready pathway for ZenaTech’s AI-powered drone automation. The global oil and gas drone inspection market stands at about USD 2.3 billion and is projected to expand at a 28.5% compound annual growth rate.
3. Integration and Future Growth
ZenaTech plans to merge its enterprise SaaS, AI drone and DaaS platforms with the acquired business to enhance efficiency, precision and recurring revenues. This acquisition fits into ZenaTech’s strategy of building a global, multi-service DaaS network leveraging established customer bases and subscription-based pricing models.