ZenaTech, Inc. (NASDAQ: ZENA) closed its acquisition of Vara 3D, a Utah‑based surveying and mapping firm that specializes in solar energy projects, on December 23 2025. The deal gives ZenaTech a ready‑made presence in California’s solar ecosystem and a new customer base of solar developers and operators.
The acquisition positions ZenaTech to offer drone‑based solar panel inspection, maintenance, and washing services, tapping into a U.S. solar infrastructure market that grew over 15% annually in 2025. By adding Vara 3D’s land‑surveying, 3‑D mapping, and construction staking capabilities, ZenaTech can now serve the $11.5 billion U.S. surveying and mapping market and capture a larger share of the rapidly expanding solar sector.
ZenaTech’s recent financials underscore the strategic fit. The company reported a 320.93% revenue increase to $3.12 million in the most recent quarter, beating the $2.73 million estimate, while earnings per share of –$0.24 fell short of the –$0.11 consensus. Analysts note that the company’s valuation remains high relative to its earnings trajectory, but the acquisition is expected to accelerate revenue growth and improve profitability through operational leverage and higher‑margin service offerings.
CEO Shaun Passley said the deal “expands our service capabilities and accelerates entry into a high‑growth market with significant long‑term potential.” He added that drones are reshaping solar infrastructure inspection and maintenance, delivering efficiency gains that can reduce operating costs for solar developers.
The transaction aligns with ZenaTech’s broader strategy of building a global Drone‑as‑a‑Service network through targeted acquisitions. By integrating Vara 3D’s expertise, ZenaTech can cross‑sell its existing DaaS platform to solar customers, deepen its presence in the U.S. market, and leverage the company’s existing technology to scale new services. The move is expected to generate synergies in customer acquisition, data analytics, and service delivery, positioning ZenaTech for continued growth in a market that is projected to reach $11.5 billion in surveying and mapping services by 2025.
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