ZenaTech acquires firm to boost drone inspection services

VANCOUVER - ZenaTech, Inc. (NASDAQ: ZENA), a leader in AI drone technology and services, announced the acquisition of Laventure & Associates, Inc., enhancing its Drone as a Service (DaaS) capabilities, particularly in powerline inspection. The Florida-based surveying and mapping firm, with over 20 years of experience, brings a robust customer base and operational synergies to ZenaTech’s expanding DaaS offerings.

This strategic move is ZenaTech’s fifth acquisition in the United States, part of its broader plan to integrate up to 20 companies within the next year. The acquisition supports ZenaTech’s goal to provide advanced AI drone solutions for infrastructure inspections, which are traditionally time-consuming and hazardous when performed by ground crews or helicopters. InvestingPro analysis indicates the company is currently burning through cash, with negative free cash flow, suggesting investors should monitor the execution of this ambitious expansion plan. Additional insights about the company’s financial health are available on InvestingPro.

The global drone power line inspection market, valued at approximately $26.66 billion in 2024, is projected to reach $323.8 billion by 2032, growing at a CAGR of 36.63%, as reported by WiseGuy Reports. ZenaTech aims to capitalize on this growth by offering more efficient and safer inspection services through its ZenaDrone 1000 and IQ series drones.

ZenaTech’s DaaS model offers customers a subscription or pay-per-use basis for accessing drones, eliminating the need for hardware purchase, pilot management, and regulatory compliance concerns. This model is designed to provide cost-effective and scalable solutions for businesses to improve maintenance and streamline operations.

CEO Shaun Passley, Ph.D., emphasized the significance of the acquisition, stating, "Laventure & Associates is an important addition that will leverage new capabilities for AI drones to conduct powerline inspections, potentially adding to our overall DaaS services portfolio future growth."

About ZenaTech: ZenaTech (NASDAQ: ZENA) specializes in AI drone, DaaS, enterprise SaaS, and Quantum Computing solutions. The company has expanded its drone solutions from agriculture and defense to multifunctional industrial applications. ZenaTech operates globally, with offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS and partner network. InvestingPro data reveals the company’s overall financial health score is currently rated as WEAK, with the stock showing a significant decline of 70.09% year-to-date. Subscribers to InvestingPro can access over 30 additional financial metrics and expert analysis to make informed investment decisions.

The information in this article is based on a press release statement from ZenaTech, Inc.

In other recent news, ZenaTech, Inc. announced a nearly doubled revenue growth for the first quarter of 2025, highlighting the company’s strong financial performance. The company also secured FAA Part 137 approval for its ZenaDrone subsidiary, allowing it to expand its agricultural drone operations, a significant development in a sector projected to grow substantially. ZenaTech’s strategic moves include showcasing its drone technology to U.S. defense customers and expanding its Drone as a Service (DaaS) offerings, which now include bathymetric surveys and drone cleaning services. The company has also expanded its operations in the United Arab Emirates with a new office in Dubai, focusing on drone-powered cleaning services for skyscrapers. Furthermore, ZenaTech is preparing to apply for the Green UAS certification, a step towards selling to U.S. defense agencies. In addition, ZenaTech has completed the acquisition of Miller Land Surveying Corporation in Florida, enhancing its land survey capabilities through drone technology. These developments are part of ZenaTech’s broader strategy to capitalize on the growing demand for drone technology across various sectors.

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