Jul. 16 at 10:16 PM
ZenaTech Inc. (Nasdaq:
$ZENA ) (FSE: 49Q) (BMV: ZENA) has completed the acquisition of Grande Prairie, Alberta-based Velocity Geomatics Inc., doing business as Velocity Group, with operations and offices across Alberta, British Columbia, and Saskatchewan. The acquisition marks ZenaTech’s first acquisition in drone-based geomatics for environmental and regulatory compliance and services in the oil and gas industry, and its 25th since its January 2025 statement citing it would achieve that number by mid-2026.
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“This acquisition expands our Drone as a Service business into Canada’s oil and gas sector focused on environmental and regulatory assessments for oil extraction and pipelines, in one of the most significant energy markets in North America,” said Shaun Passley, Ph.D., CEO of ZenaTech.
Velocity Group provides services for Western Canadian oil and gas producers:
• Provides geospatial land surveying, geomatics, mapping, and environmental and regulatory compliance services from three regional offices and a head office in Grande Prairie, Alberta
• Approximately 80% of current projects utilize drone-based workflows as part of surveying and geospatial data collection
Read the full press release: https://www.zenatech.com/zenatech-closes-25th-acquisition-with-alberta-canada-based-velocity-geomatics-inc-expanding-drone-as-a-service-into-environmental-and-regulatory-services-in-the-oil-and-gas-sector/
The transaction comes at a time when the global oil and gas drone inspection services market is valued at approximately USD 2.3 billion and is projected to grow at a compound annual growth rate of approximately 28.5%, according to market analysts.
ZenaTech, Inc. (Nasdaq: ZENA, FSE: 49Q, BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions for industrial, government, and defense sectors. Its ZenaDrone subsidiary develops AI-powered autonomous drones for surveying, inspection, logistics, security, and defense, with manufacturing facilities in Arizona, Dubai, and Taiwan. Discover more emerging growth Featured Companies, industry-leading Featured Experts, and upcoming Featured Conferences at b2idigital.com.
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