- ZenaTech (ZENA, Financial) announces strategic acquisition to enter California's agriculture and viticulture market.
- Projected global agricultural drone market to hit $10.3 billion by 2030.
- ZenaTech plans 20 more acquisitions in the next 12 months to expand its DaaS business.
ZenaTech (ZENA), a technology company specializing in AI-powered drone solutions, has signed an offer to acquire a California-based civil engineering and land surveying firm. This acquisition marks the company's strategic entry into the US West Coast market, particularly focusing on the precision agriculture and viticulture sectors.
The acquisition will enable ZenaTech to leverage its Drone as a Service (DaaS) operations across California, which accounts for 90% of US vineyard acreage. The company's drones are equipped to provide services including aerial imaging, precision spraying, irrigation analytics, and wildfire monitoring, offering scalable innovation to meet the demands of California's diverse agricultural economy.
This move marks ZenaTech's seventh acquisition and aligns with its plan to complete approximately 20 more acquisitions over the next year as part of its DaaS business model expansion. The global agricultural drone market is expected to reach $10.3 billion by 2030, highlighting significant growth potential in this sector.
ZenaTech CEO Shaun Passley emphasized that the acquisition in California is not only an entrance into a high-growth state but also a strategic foothold for expanding their operations in precision agriculture. This positions the company to further capitalize on the rising demand for high-tech farming solutions.
ZenaTech's DaaS business model allows both business and government customers to utilize drone services without the need for owning hardware, finding pilots, or managing maintenance, offering them the flexibility to scale based on their specific needs.
