- ZenaTech (ZENA, Financial) completes its fifth US acquisition, purchasing Laventure & Associates to enhance powerline inspection capabilities.
- The global drone power line inspection market is projected to grow to $323.8 billion by 2032.
- ZenaTech plans to acquire up to 20 additional companies in the next 12 months.
ZenaTech, Inc. (ZENA) has finalized its acquisition of Laventure & Associates, a Florida-based firm specializing in land surveying and mapping. This acquisition marks an important step in ZenaTech's strategy to enhance its Drone as a Service (DaaS) offerings by integrating powerline inspection capabilities into its portfolio.
The global market for drone power line inspections, valued at approximately $26.66 billion in 2024, is expected to skyrocket to $323.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 36.63%. By acquiring Laventure & Associates, ZenaTech positions itself to capture a significant share of this burgeoning market.
Laventure & Associates brings over two decades of specialized experience and a robust portfolio of repeat clients that rely on them for their multi-year power line inspection services. ZenaTech plans to incorporate its ZenaDrone 1000 and IQ series autonomous drones to deliver efficient and reliable services under a subscription-based model, minimizing upfront costs for customers.
This acquisition is part of ZenaTech's broader strategy to acquire and integrate up to 20 additional companies within the next year, reinforcing its presence in the Florida market. Through these strategic moves, ZenaTech aims to create operational synergies and expand its DaaS product suite, which offers transformative solutions for industries transitioning from traditional, costly, and hazardous infrastructure inspections.
With the integration of Laventure's expertise, ZenaTech is poised to enhance operational efficiency and safety for power companies, revolutionizing the way infrastructure inspections are conducted. Customers will benefit from reduced operational downtime, improved maintenance protocols, and the convenience of an Uber-like model offering scalable drone services.
