ZenaTech Acquires Morgan Surveying for DaaS Expansion in Southeast Region.

ZenaTech has acquired Morgan Surveying, a 30-year-old land surveying firm in North Carolina, expanding its Drone as a Service (DaaS) business presence in the Southeast region. This marks the company's first acquisition in North Carolina and enhances its ability to serve both government and commercial customers.

VANCOUVER, British Columbia, Aug. 05, 2025 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a leading business technology solution provider specializing in AI-powered drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, has announced the closing of its seventh DaaS acquisition. This strategic move involves the purchase of Morgan Surveying, Inc., a Greensboro, North Carolina-based land surveying firm with over 30 years of experience. This acquisition marks ZenaTech's first entry into North Carolina and expands its DaaS presence in the Southeast region, complementing its five recent Florida-based acquisitions [1].

Morgan Surveying brings a strong portfolio of municipal, county, and private sector clients to ZenaTech, providing immediate access to these markets without the typically lengthy government procurement process. This acquisition is particularly valuable for enhancing ZenaTech's government sector opportunities, which now include county, city, and state-level clients [2].

From a strategic perspective, this acquisition accelerates ZenaTech's progress toward its goal of establishing 25 DaaS locations nationwide by mid-2026. With seven acquisitions completed, ZenaTech is approximately 28% toward this target. The company is executing a roll-up strategy in the drone services space, acquiring established businesses with existing customers and revenue streams, and then integrating AI-powered drone technology to enhance service offerings [1].

The DaaS business model eliminates customer barriers to drone technology adoption by providing on-demand access without requiring upfront investment in hardware, software, pilots, or regulatory compliance. By acquiring firms like Morgan Surveying with specific domain expertise (land surveying, boundary work, topographic surveys), ZenaTech gains both technical capabilities and industry-specific customer relationships that would take years to develop organically [1].

ZenaTech's DaaS model offers flexible, on-demand access to drone services for surveying, inspections, automation, and more, eliminating the need for customers to invest in drone infrastructure. The company is acquiring land survey engineering companies and other businesses ripe for innovation to advance its national vision for a scalable, tech-enabled multiservice drone business anchored by existing customers and recurring revenue opportunities [1].

References:
[1] https://www.stocktitan.net/news/ZENA/zena-tech-closes-a-seventh-drone-as-a-service-daa-s-acquisition-in-3tctiokrzixw.html
[2] https://www.globenewswire.com/news-release/2025/08/05/3127336/0/en/ZenaTech-Closes-a-Seventh-Drone-as-a-Service-DaaS-Acquisition-in-North-Carolina-Expanding-its-Southeast-Region-and-Government-Opportunities.html