Covelya Group
About
About Covelya Group
Covelya brings six specialist marine-technology businesses into one operating group. Sonardyne supplies subsea positioning, navigation, communications and monitoring; Wavefront develops forward-looking, side-scan, intruder-detection and integrity-monitoring sonar; and Chelsea Technologies produces sensors for marine science, water quality, shipping emissions and defence.
EIVA provides software, equipment and integrated systems for hydrographic survey, offshore construction, cable laying and remote or autonomous operations. Voyis contributes underwater optical imaging and laser scanning, while Forcys integrates group technology for naval missions above and below the surface. The companies retain specialist product portfolios but collaborate on wider systems, giving customers a combined route from underwater sensing and vehicle payloads through navigation, mission software, integration and lifecycle support.
Operations
Orders & commitments
- Order / commitment
2026-05-28 - Kraken reported approximately C$165 million of 2026 year-to-date product orders attributable to Covelya businesses.
Source
Team
- Paul Alcock - Board Member
- Stephen Fasham - Chief Executive Officer - Current operating leader for Covelya's marine technology group across underwater communications, navigation, sensing and subsea robotics-adjacent systems.
- Simon Partridge - Executive Chairman - Governance leader for Covelya's subsea technology group, which supports marine robotics, underwater communications and autonomous ocean systems.
- Gary Moynehan - Chief Financial Officer
- Anna O'Neill - Director of Operations and Company Secretary
Timeline
Events
- 2026-07-20 - Commercial Order - Kraken Robotics announces $35 million in new product orders
The orders cover customers in maritime defence, offshore energy and ocean science. The product mix includes Kraken synthetic-aperture sonar plus Covelya navigation, positioning, multi-aperture sonar and monitoring systems. Kraken said combined Kraken and Covelya product orders announced in 2026 had reached $327 million after the new orders.
Source - 2026-07-02 - Acquisition - Kraken Robotics closes C$615 million Covelya acquisition
The deal brings navigation, positioning, imaging, communications, monitoring and data-analytics capabilities into Kraken. Kraken frames the combined company as a provider of mission-critical subsea intelligence for maritime security and offshore energy. The company also updated 2026 guidance and noted additional product orders since the original March announcement.
Source - 2026-06-18 - Regulatory - Kraken receives approvals for Covelya acquisition
Kraken announced receipt of all required regulatory approvals on June 18, 2026. The clearance removed the principal regulatory condition attached to the C$615 million transaction. Kraken said it expected to close the acquisition on July 2, subject to the remaining customary conditions.
Source - 2026-03-03 - Acquisition - Kraken agrees C$615 million Covelya acquisition
Sonardyne Holdings agreed to sell Covelya and its six operating businesses to Kraken Robotics. Consideration comprised C$480 million in cash and C$135 million in Kraken shares. Closing remained subject to regulatory, stock-exchange and customary conditions.
Source
Relations
Relationships
- EIVA
Covelya Operating Company - EIVA operates as a Covelya Group company.
Context
Comparable profiles
- Kraken Robotics
stack adjacency - Subsea Sensor Power Supplier
- Seatrec
stack adjacency - Subsea Sensor Power Supplier
- SubCtech
stack adjacency - Subsea Sensor Power Supplier
Context tags
- Subsea sonar mapping - Workflow - Wavefront, Sonardyne and EIVA provide sonar, navigation and survey technology.
- Subsea sensor power supplier - Stack Layer - Covelya companies supply sonar, navigation, imaging and other subsea system components.
- Subsea survey payloads - Capability - The group supplies sensing and imaging payloads used with underwater platforms.
- Subsea defence energy assets - Customer Environment - Covelya serves naval defence and offshore-energy subsea operations.
Commercial
- Kraken Robotics announces $35 million in new product orders
2026-07-20 · Order / contract · Kraken Robotics announced $35 million in new product orders spanning its own synthetic-aperture sonar and navigation, positioning, sonar and monitoring systems added through Covelya.
Source