Industry Briefing

Kraken Robotics acquires Covelya Group for $615M

Covelya Group expands Kraken Robotics' product offerings and total addressable market in subsea technology. The post Kraken Robotics acquires Covelya Group for $615M appeared first on The Robot Report.

Kraken Robotics Announces Closing of Strategic Acquisition of Covelya Group Limited, Updated 2026 Guidance and Appointments to Executive Team

Kraken Robotics Inc. has successfully completed its acquisition of Covelya Group Limited for approximately $615 million, a deal that was previously announced and is subject to closing adjustments. This acquisition, finalized today, marks a significant expansion for Kraken Robotics, a company listed on the TSX Venture Exchange and OTCQB. The transaction is valued in Canadian dollars, reflecting the company's strategic move to enhance its capabilities and market presence in the robotics sector.

Kraken Robotics Signs Memorandum of Understanding with SEFINE SISAM

Kraken Robotics has entered into a Memorandum of Understanding (MOU) with SEFINE SISAM, the Strategic Unmanned Systems Research Center, as announced during the SAHA exposition held in Türkiye. This partnership aims to enhance collaboration in the development of advanced unmanned systems, reflecting both organizations' commitment to innovation in robotics and technology. The agreement was formalized on [insert date of the exposition], marking a significant step in their joint efforts to leverage their respective expertise in the field. The collaboration is expected to drive progress in unmanned systems research and development, addressing emerging challenges and opportunities in the industry.

Kraken Robotics Demonstrates KATFISH Autonomous Launch and Recovery from SEFINE USV

Kraken Robotics has successfully integrated and demonstrated its KATFISH towed synthetic aperture sonar system along with an autonomous launch and recovery system (LARS) aboard SEFINE’s RD-22 unmanned surface vessel (USV). This significant event occurred in the first quarter of 2026 off the coast of İstanbul, Türkiye. The collaboration with SEFINE SISAM, the Strategic Unmanned Systems Research Center, highlights the advancements in maritime technology and aims to enhance operational capabilities in underwater exploration and surveillance. The integration of these systems marks a notable achievement in the field of unmanned maritime operations, showcasing Kraken Robotics' commitment to innovation and collaboration in the industry.

Kraken Robotics Announces Signing of Strategic Acquisition to Expand Global Maritime Capabilities

Kraken Robotics has announced its agreement to acquire Covelya Group, a prominent international provider of essential underwater technology solutions. This acquisition includes Covelya's subsidiary companies, which are recognized leaders in the field: Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd. The deal aims to enhance Kraken's capabilities in delivering advanced underwater technology and solutions, further solidifying its position in the market. The acquisition is expected to be finalized in the coming months, aligning with Kraken's strategic growth objectives in the underwater technology sector.

Kraken Robotics and TKMS ATLAS UK Demonstrate KATFISH USV Launch and Recovery System on an in-service UK Royal Navy ARCIMS USV

Kraken Robotics has successfully demonstrated its KATFISH Unmanned Surface Vessel Launch and Recovery System (USV-LARS) aboard TKMS ATLAS UK's 11-meter ARCIMS Unmanned Surface Vehicle (USV). This demonstration highlights a significant advancement in maritime security technology, as the integrated systems deliver a comprehensive autonomous survey solution tailored for mine countermeasure operations and the inspection of critical underwater infrastructure. Notably, the collaboration between ARCIMS and KATFISH USV-LARS marks the introduction of the industry's first air-deployable, 300-meter depth-rated autonomous towed Synthetic Aperture Sonar (SAS) survey system. This innovation aims to enhance operational efficiency and safety in maritime missions.

Kraken Robotics Announces $12 Million in Orders for Synthetic Aperture Sonar and Subsea Batteries

Kraken Robotics has secured purchase orders worth approximately $12 million for its synthetic aperture sonar (SAS) and battery products. The orders, which include Kraken's KATFISH™ towed SAS spares and SeaPower™ batteries, have been placed by various organizations, notably Teledyne Marine, Terradepth, and two NATO member navies. This significant acquisition underscores the growing demand for advanced underwater technology and highlights Kraken's position in the marine robotics sector. The company aims to enhance its product offerings and support military and commercial applications with these new contracts.

Kraken Robotics Appoints BlueZone Group as Sales Representative for Australia and New Zealand

Kraken Robotics has appointed BlueZone Group as an authorized reseller for its Synthetic Aperture Sonar (SAS) technology and the KATFISH towed SAS platform in Australia and New Zealand. This partnership, announced recently, aims to enhance Kraken's market presence in the region by leveraging BlueZone Group's established network and expertise in marine technology. The collaboration is expected to provide local customers with access to advanced underwater imaging solutions, improving capabilities in marine exploration and monitoring. By aligning with BlueZone Group, Kraken Robotics seeks to expand its reach and support the growing demand for innovative sonar systems in the Australian and New Zealand markets.

Record Number of Participants Deployed Kraken Robotics’ Synthetic Aperture Sonar at REPMUS 2025

Kraken Robotics has reported a significant milestone at the recent Robotic Experimentation and Prototyping with Maritime Unmanned Systems (REPMUS) exercise held in Portugal, where a record number of participants utilized its synthetic aperture sonar (SAS) technology. The event featured seven international naval teams alongside three uncrewed underwater vehicle (UUV) manufacturers, all employing Kraken's advanced sonar for various maritime security applications. These included mine countermeasure operations and inspections of critical underwater infrastructure, showcasing the technology's effectiveness in enhancing interoperability among different platforms and nations. The successful deployment of Kraken SAS during this exercise underscores its vital role in addressing contemporary challenges in the underwater domain.

Kraken Robotics Announces More than $3 Million in Synthetic Aperture Sonar Sales

Kraken Robotics has secured over $3 million in new orders for its Synthetic Aperture Sonar (SAS) systems, which will be deployed on small and medium-class uncrewed underwater vehicles (UUVs). This development highlights the growing demand for advanced underwater technology among clients across the Asia Pacific, Europe, and North America. The orders reflect Kraken's commitment to enhancing maritime operations through innovative sonar solutions, enabling improved underwater exploration and data collection capabilities. The integration of these systems into UUVs is expected to advance the capabilities of marine research and commercial applications in various regions.

Kraken Robotics Announces Synthetic Aperture Sonar Service for the Offshore Energy Market

Kraken Robotics Inc. is set to introduce a new synthetic aperture sonar (SAS) service aimed at the global offshore energy market. The company’s commercial services team will offer dedicated KATFISH towed SAS systems for rental, with availability commencing in July 2025. This initiative reflects Kraken's commitment to enhancing underwater exploration and data collection capabilities in the energy sector, addressing the increasing demand for advanced technology in offshore operations.

Kraken Robotics Expands U.S. Footprint with Acquisition of 3D at Depth

Kraken Robotics Inc. has announced its plans to acquire 3D at Depth, Inc., a prominent American subsea technology firm known for its expertise in high-resolution LiDAR imaging and measurements. This acquisition, valued at $17 million in cash, will be executed through a subsidiary and includes adjustments for any debt incurred and customary working capital considerations. The agreement is contingent upon standard closing conditions, including obtaining consent from Kraken's primary lender. The transaction is anticipated to finalize around April 1, 2025.

Kraken Robotics Inc. (PNG:CA) Shareholder/Analyst Call - Slideshow

Kraken Robotics: Priced For Execution In A Business Built To Execute

Kraken Robotics: Tailwinds Are Too Strong To Ignore

Investors are closely monitoring the latest developments in the financial markets as major companies prepare to release their quarterly earnings reports. This event is set to take place over the next two weeks, with a particular focus on technology and energy sectors. Analysts are eager to assess how these companies have navigated economic challenges, including inflation and supply chain disruptions, which have significantly impacted their operations. The earnings reports, scheduled to begin on October 23, 2023, will be crucial for understanding the overall health of the economy and investor sentiment. Market watchers are particularly interested in guidance provided by these companies, as it will offer insights into future performance and potential growth trajectories. In light of recent economic uncertainties, including fluctuating interest rates and geopolitical tensions, the upcoming earnings season is expected to influence market trends and investment strategies. Investors will be looking for signs of resilience or weakness in corporate earnings, which could sway market confidence in the weeks ahead. As companies prepare their financial disclosures, analysts are employing various methods to forecast outcomes, including reviewing past performance, industry trends, and macroeconomic indicators. The results of these earnings reports will play a pivotal role in shaping market dynamics and investor decisions as the year comes to a close.