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High materiality8/10

ZenaTech Expands DaaS Footprint with Velocity Acquisition in Oil and Gas

Jul 16, 2026, 9:40 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Direct expansion into oil and gas via Velocity broadens revenue streams and customer base; milestone 25 acquisitions signals execution momentum; sector tailwinds in DaaS support multiple expansion scenarios and potential multiple expansion on improved scale.

AI summary

What happened, with direct paths to the underlying reporting

ZenaTech announced its 25th acquisition, Velocity Geomatics, extending its Drone as a Service platform into environmental and regulatory services for Western Canada's oil and gas sector. The move accelerates its global DaaS presence and aligns with a market forecast to grow to roughly $115 billion by 2032, supported by AI-enabled drone data and rapid surveying capabilities. The integration could lift revenue growth and diversify cash flows as customers seek safer, faster data collection.

  • ZenaTech completes 25th acquisition, Velocity Geomatics, expanding DaaS into Canada's oil and gas.
  • Velocity Group adds geospatial surveying with 80% drone-based workflows across Western Canada.
  • Global DaaS market: $39B in 2026, $115B by 2032, potential $300B mid-2030s.
  • Oil and gas drone inspections market valued at $2.3B with 28.5% CAGR.
  • CEO highlights aggressive M&A pace and near-term benchmarks for growth.

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