ZenaTech has signed an offer to acquire a long‑established, multi‑office surveying and spatial services firm headquartered in Queensland, Australia. The target’s name and the purchase price have not been disclosed, and the closing date is still pending. The deal marks ZenaTech’s first entry into the Australian market and provides a strategic gateway to the broader Asia‑Pacific region, where mining, infrastructure and industrial activity drive demand for high‑precision spatial data.
The acquisition is designed to extend ZenaTech’s Drone‑as‑a‑Service (DaaS) platform into new verticals, including government, natural resources and commercial sectors. The target brings advanced reality‑capture capabilities—drone‑enabled survey workflows, LiDAR and mobile mapping—that will broaden ZenaTech’s service portfolio and enable the company to offer more comprehensive solutions to Australian clients. By integrating these capabilities, ZenaTech can accelerate its expansion into the APAC market while leveraging its existing DaaS technology.
ZenaTech’s recent financial performance underscores the strategic importance of the deal. In the third quarter of 2025, the company generated $4.35 million in revenue, a 1,225% year‑over‑year increase, driven largely by the DaaS segment, which contributed $3.57 million. The second quarter of 2025 saw revenue of $2.24 million, up 503% from the same period a year earlier. For the full year 2024, revenue was $1.96 million, a modest 7% increase from 2023. Despite rapid revenue growth, ZenaTech reported a net loss in Q3 2025 and a comprehensive loss of $4.04 million for 2024, reflecting ongoing profitability challenges as the company invests heavily in acquisitions and technology development.
CEO Shaun Passley emphasized that Australia’s mining and infrastructure sectors present a significant opportunity for drone‑based surveying. “Australia is a globally significant market for mining, infrastructure and high‑precision spatial data, and this acquisition provides a strategic entry point into the APAC region,” Passley said. He added that the deal will allow ZenaTech to deliver advanced drone‑enabled solutions to government and commercial clients across key sectors, reinforcing the company’s long‑term vision for international DaaS expansion.
The acquisition aligns with ZenaTech’s broader strategy of building a global DaaS network through targeted acquisitions. The company has completed several U.S. acquisitions, including Smith Surveying Group in Florida, Rampart Surveys Inc. in Colorado and a Utah‑based surveying and 3D mapping firm, and plans to complete 25 acquisitions by mid‑2026. The Australian deal is a key step in that plan, expanding the company’s geographic footprint and unlocking new revenue streams in a high‑growth region.
ZenaTech’s DaaS market is projected to reach $355.55 billion by 2032, and the U.S. segment alone is expected to become a $202 billion opportunity by 2034. The Australian acquisition positions the company to capture a share of this growth, particularly in mining and infrastructure, while also diversifying its client base beyond the United States.
The deal also signals ZenaTech’s confidence in its ability to scale its technology and service offerings globally, despite current profitability challenges. By integrating the target’s established client relationships and advanced geospatial capabilities, ZenaTech aims to accelerate revenue growth and improve operational leverage in the coming quarters.
The acquisition is expected to strengthen ZenaTech’s competitive position in the global drone market, providing a platform for further expansion into other APAC markets such as New Zealand, Japan and Southeast Asia.
The company’s management remains focused on cost discipline and strategic investments in high‑return verticals, indicating a balanced approach to growth and profitability.
The Australian entry is a strategic milestone that will likely influence ZenaTech’s long‑term financial outlook and market positioning.
The acquisition underscores the company’s commitment to expanding its DaaS footprint and leveraging its technology to serve new markets and sectors.
The deal is a material event that will shape ZenaTech’s future growth trajectory and competitive dynamics in the drone and spatial services industry.
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