Acquiring Company
ZenaTech
Acquired Company
Velocity Geomatics
VancouverGrande PrairieInformation TechnologySoftwareArtificial IntelligenceEnergyOil And GasDescription
In July 2026, ZenaTech, Inc. completed its acquisition of Velocity Geomatics, marking its first venture into geomatics for the oil and gas sector. The acquisition arrives as the Canadian energy market strengthens, with projections indicating over US$500 billion in investments over the next decade. This strategic move is expected to bolster ZenaTech's Drone as a Service business, leveraging Velocity's established platform and customer base. The merger aims to enhance regulatory compliance and environmental surveying capabilities for their clients.
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Based on deal dataFrequently asked
Who acquired Velocity Geomatics?
Velocity Geomatics was acquired by ZenaTech, based in Vancouver. The deal was reported on July 30, 2026. ZenaTech, Inc. is a technology company specializing in AI drone solutions and enterprise SaaS solutions for mission-critical business applications. ZenaTech is publicly traded (ZENA) and operates in Information Technology.
When did ZenaTech acquire Velocity Geomatics?
ZenaTech's acquisition of Velocity Geomatics was reported on July 30, 2026. In July 2026, ZenaTech, Inc. completed its acquisition of Velocity Geomatics, marking its first venture into geomatics for the oil and gas sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Velocity Geomatics do?
Velocity Geomatics, also known as Velocity Group, specializes in providing drone-based regulatory and environmental surveys to oil and gas producers. It is privately held, operating in Energy, and is based in Grande Prairie.