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ZenaTech Closes Second Southeast Region Acquisition, Wallace Surveying Corporation, Set to Become the Third Acquisition to Power Its National Drone as a Service (DaaS) Business

Apr 03, 2025 - financialpost.com
ZenaTech, Inc., a technology company specializing in AI drones and Drone-as-a-Service (DaaS), has acquired Wallace Surveying Corporation in West Palm Beach, Florida. This acquisition marks ZenaTech's second in the Southeast region as part of its strategy to disrupt the land survey industry by leveraging drones for enhanced speed and accuracy. The acquisition will bolster ZenaTech's national DaaS business, offering services such as power line inspections, precision agriculture, and search and rescue operations. The DaaS model allows customers to access advanced drone technology on a subscription or pay-per-use basis, eliminating the need for purchasing and maintaining drones.

ZenaTech's drones, including the ZenaDrone 1000 and IQ series, are equipped with sensors and cameras for high-resolution data collection, revolutionizing traditional land survey methods. The global drone surveying market is expected to grow significantly, driven by demand from construction, agriculture, and infrastructure sectors. ZenaTech aims to expand its DaaS model and partner network globally, providing innovative solutions across various industries. The company operates through seven global offices and continues to enhance its drone capabilities for diverse applications.

Key takeaways:

  • ZenaTech has acquired Wallace Surveying Corporation to expand its Drone as a Service (DaaS) business in the Southeast region.
  • The acquisition aims to disrupt the land survey industry by using drones for faster and more accurate data collection.
  • ZenaTech's DaaS model offers customers access to advanced drone technology on a subscription or pay-per-use basis, reducing upfront costs and maintenance responsibilities.
  • The global drone surveying market is expected to grow significantly, reaching over USD $8 billion by 2030, driven by demand from construction, agriculture, and infrastructure sectors.
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