ZenaTech, Inc. (NASDAQ: ZENA) announced an offer to acquire a Utah‑based commercial surveying and 3D mapping company that specializes in LiDAR processing, drone‑enabled data capture, and large‑scale solar site development. The deal gives ZenaTech immediate access to high‑precision surveying capabilities and a growing customer base of solar developers across the United States, positioning the company to accelerate project timelines and reduce costs for solar developers through its Drone‑as‑a‑Service (DaaS) platform.
The acquisition marks a strategic entry into the solar infrastructure market, which is projected to grow at more than 15% per year in North America. By combining the target’s expertise in LiDAR and drone data capture with ZenaTech’s proprietary analytics, the company can offer a comprehensive, subscription‑based solution that eliminates the need for clients to invest in capital equipment, pilots, and maintenance. The move also taps a high‑margin vertical that is increasingly demanding rapid, accurate site assessment amid expanding federal incentives for clean‑energy projects.
ZenaTech’s most recent quarterly results, released in the same week, showed revenue of CAD 4.35 million—an increase of 1,225% year‑over‑year—driven largely by the growth of its DaaS segment. The company reported a net loss of CAD 12.27 million, reflecting continued investment in technology and market expansion. The sharp revenue rise reflects strong demand for drone‑based surveying services, while the loss underscores the company’s focus on scaling its platform ahead of profitability.
CEO Shaun Passley said the acquisition is a “significant milestone” that instantly brings advanced surveying capabilities to ZenaTech’s DaaS platform and expands the company into the commercial solar development and maintenance sector. Passley noted that the combination of high‑precision data and rapid turnaround will enable solar developers to reduce project lead times and lower upfront costs, reinforcing ZenaTech’s value proposition in a market that is rapidly adopting drone technology.
The deal is the 12th acquisition in ZenaTech’s 2025 DaaS expansion program and brings the company closer to its goal of 25 DaaS locations by the second quarter of 2026. The acquisition strengthens ZenaTech’s position in the broader renewable‑energy services sector and supports its strategy of aggressive M&A to build a nationwide footprint of drone‑enabled surveying and analytics capabilities.
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