Core Insights - ZenaTech, Inc. has signed an offer to acquire a well-established surveying and spatial services firm in Queensland, Australia, marking its first entry into the Australian market and supporting its global expansion strategy [1][2] - The acquisition aligns with ZenaTech's long-term vision for expanding its Drone as a Service (DaaS) platform in the Asia-Pacific region, particularly in the mining and industrial sectors [2][3] Company Overview - ZenaTech specializes in AI drone technology, DaaS, enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [5] - The company has been operational since 2017 and has developed a portfolio that enhances operational efficiencies and cost savings across various sectors, including law enforcement, health, government, and industrial applications [5] Acquisition Details - The target firm is recognized for its high-quality outcomes in public and private sector projects and has advanced capabilities in drone-enabled survey workflows, LiDAR, and mobile mapping [2][3] - This acquisition will enable ZenaTech to extend its DaaS offerings into the natural resources sector, integrating advanced spatial capabilities with its drone solutions [3] Strategic Implications - The acquisition is expected to provide ZenaTech with a strategic entry point into the APAC region, allowing it to deliver advanced drone-enabled solutions to government and commercial clients [2] - By acquiring established service companies, ZenaTech aims to build a global, multi-service DaaS network that leverages existing customer bases and generates recurring revenue [4]
ZenaTech Expands Drone as a Service to Australia with Offer to Acquire a Survey Firm Serving Government and Natural Resources and Commercial Sectors