ZenaTech, Inc. announced the closing of its acquisition of Wallace Surveying Corporation ('Wallace') of West Palm Beach, Florida. Wallace is an established land survey company with thirty years of experience, providing construction and land development surveys.
This acquisition marks ZenaTech’s second in the Southeast region and its third US acquisition as part of a national strategy to disrupt the land survey industry using drones. It further powers the company’s national Drone-as-a-Service (DaaS) business, providing access to the ZenaDrone 1000 and IQ series multifunction drones.
CEO Shaun Passley, Ph.D., stated that Wallace Surveying Corporation brings considerable expertise and longstanding customer relationships, which will help innovate land surveys at scale using advanced drone data collection. The global drone surveying market is expected to be worth over $8 billion globally by 2030, growing at a CAGR of 15-20%.
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