ZenaTech Completes Acquisition of Weddle Surveying

Deal News | Jan 16, 2025 | Globenewswire

ZenaTech Completes Acquisition of Weddle Surveying

ZenaTech, a technology company renowned for its expertise in AI drones, Drone as a Service (DaaS), enterprise SaaS, and quantum computing, has completed the acquisition of Weddle Surveying Inc., based near Portland, Oregon. This move marks the company's strategic expansion into the Northwest US region, laying the foundation for its DaaS operations. Weddle Surveying, with its extensive clientele and reputation in land survey engineering, will see its operations incorporated with ZenaTech’s drone technology, enabling more efficient land surveys and introducing the potential for advanced applications, such as wildfire management, utilizing drone swarms. This ambitious acquisition is part of ZenaTech's broader vision of creating a comprehensive national DaaS network through targeted acquisitions, thereby transforming traditional businesses with AI drone technology. ZenaTech aims to employ its quantum computing capabilities to enhance predictive modeling and manage wildfire threats effectively. The integration of drones with sophisticated computing power positions ZenaTech at the forefront of technological innovation in disaster management solutions.

Sectors

  • Technology
  • Aerospace and Defense
  • Environmental Services

Geography

  • United States – ZenaTech's acquisition of Weddle Surveying Inc. is focused on expanding its operations in the Northwest US.
  • Canada – ZenaTech is based in Vancouver, British Columbia, indicating significant business operations and strategic planning in Canada.

Industry

  • Technology – Involves the development and implementation of AI drones, Quantum Computing, and SaaS solutions.
  • Aerospace and Defense – Incorporates drone technology for surveillance, inspection, and defense applications.
  • Environmental Services – Deals with applications in wildfire management and land survey through the use of drones and AI technology.

Financials

    Participants

    NameRoleTypeDescription
    ZenaTech, Inc.Buying CompanyCompanyA technology company specializing in AI drones, DaaS, enterprise SaaS, and Quantum Computing solutions.
    Weddle Surveying Inc.Target CompanyCompanyAn established land survey engineering firm located near Portland, Oregon.
    Shaun Passley, Ph.D.CEOPersonCEO of ZenaTech, involved in the strategic planning and execution of the acquisition.