The acquisition expands ZenaTech's DaaS footprint into the oil and gas sector, a high-growth vertical. Monitor for integration updates and future acquisition announcements to gauge revenue contribution and scalability of the roll-up strategy.
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Executive Summary
ZenaTech completed its 25th acquisition since its January 2025 goal, acquiring Velocity Geomatics Inc. (Velocity Group), a drone-based geomatics and environmental compliance services firm serving Western Canadian oil and gas producers. The deal establishes a Drone as a Service (DaaS) presence in the oil and gas sector, which the company notes is growing at over 28% annually, and adds an established customer base and regional expertise.
Key Facts
- Acquisition of Velocity Geomatics Inc. (Velocity Group) completed, marking ZenaTech's 25th acquisition since its January 2025 goal.
- Velocity Group provides geospatial land surveying, geomatics, mapping, and environmental/regulatory compliance services for Western Canadian oil and gas producers.
- Approximately 80% of Velocity Group's current projects utilize drone-based workflows.
- Global oil and gas drone inspection services market valued at ~$2.3 billion, projected to grow at ~28.5% CAGR.
- ZenaTech's DaaS platform provides on-demand/subscription access to drone-based services without capital costs.
Financial Impact
Acquisition value not disclosed; adds an established customer base and revenue stream in a growing market segment.
Risk Factors
- Acquisition value and terms not disclosed, making financial impact assessment difficult.
- Integration risk: combining operations and cultures across multiple acquisitions.
- Dependence on continued growth in the oil and gas drone services market.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3328358 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | 6-K | $1.12 | awaiting T+20 | — | $0.9200 (−17.86%) |
Oct 8, 2026 18d ago | 424B5 | $1.11 | awaiting T+20 | — | $0.9200 (+17.12%) |
Oct 8, 2026 19d ago | 6-K | $1.32 | awaiting T+20 | — | $0.9200 (−30.30%) |
Oct 6, 2026 20d ago | 6-K | $1.35 | awaiting T+20 | — | $0.9200 (−31.85%) |
Oct 2, 2026 25d ago | 6-K | $1.28 | awaiting T+20 | — | $0.9200 (−28.12%) |
Sep 29, 2026 28d ago | Press Release | $1.47 $0.9200 | ▲ +37.41% | ▲ +38.13% | $0.9200 (+37.41%) |
Sep 15, 2026 6w ago | Press Release | $1.41 $1.07 | ▼ −24.11% | ▼ −27.09% | $0.9200 (−34.75%) |
Jul 20, 2026 14w ago | 6-K | $1.51 $2.04 | ▲ +35.10% | ▲ +32.54% | $0.9200 (−39.07%) |
Jul 16, 2026 14w ago | Press Release | $1.53 $2.13 | ▲ +39.22% | ▲ +35.60% | $0.9200 (−39.87%) |
Jun 30, 2026 17w ago | Press Release | $1.50 $1.37 | ▼ −8.67% | ▼ −7.64% | $0.9200 (−38.67%) |
US Market Status
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