ZenaTech Acquires KJM Land Surveying to Boost Drone Innovation
Deal News | Jan 23, 2025 | Globenewswire
ZenaTech, a leader in AI and Drone-as-a-Service (DaaS) business models, has acquired KJM Land Surveying LLC. This is the company's second acquisition aimed at transforming the land surveying industry via drone technology. Based in Pensacola, Florida, KJM Land Surveying is a well-established firm that offers land survey engineering services. This acquisition aligns with ZenaTech’s strategy to expand its DaaS model in the Southeast US, utilizing drone solutions to improve the speed, accuracy, and innovation of land surveys. The acquisition underscores ZenaTech's intent to revolutionize how land surveys are conducted, tapping into a $10.3 billion US Surveying and Mapping Services industry. The firm aims to replicate disruptive models like Uber's impact on the taxi industry, by offering a complete drone solution on a pay-as-you-go basis. This approach promises enhanced productivity and AI-driven efficiencies across various sectors, including construction, agriculture, and environmental management. ZenaTech, through its subsidiary ZenaDrone, will integrate advanced technologies such as LiDAR and GPS in its offerings. CEO Shaun Passley suggested that this and potential future acquisitions could drive substantial future revenue.
Sectors
- Technology
- Surveying and Mapping Services
- Aerospace & Defense
Geography
- United States – The acquisition of KJM Land Surveying, based in Pensacola, and the national rollout of ZenaTech’s DaaS business are primarily focused in the US.
- Canada – ZenaTech includes forward-looking statements that apply under Canadian securities laws, suggesting Canadian interests.
Industry
- Technology – ZenaTech is a technology company offering AI-based drone solutions and Drone-as-a-Service.
- Surveying and Mapping Services – The acquisition involves surveying services, a market estimated at $10.3 billion, highlighting the industry's growth potential and relevance.
- Aerospace & Defense – ZenaTech's use of drones for surveying and other applications falls within this industry as it involves advanced aerospace technologies.
Financials
- $10.3 billion – Estimated value of the US Surveying and Mapping Services industry.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ZenaTech, Inc. | Acquirer | Company | A technology company specializing in AI drones, Drone-as-a-Service, enterprise SaaS, and Quantum Computing solutions. |
| KJM Land Surveying LLC | Target | Company | A well-established land survey engineering company in Pensacola, Florida with a strong customer base. |
| ZenaDrone | Subsidiary | Company | A wholly-owned subsidiary of ZenaTech, specializing in autonomous business drone solutions. |
| Shaun Passley, Ph.D. | CEO | Person | CEO of ZenaTech leading the strategic initiative to revolutionize land surveys. |