Kraken Robotics closes C$615 million Covelya acquisition
Kraken Robotics closed its previously announced acquisition of Covelya Group for approximately C$615 million, adding Sonardyne, EIVA, Forcys, Voyis and Chelsea Technologies to its subsea-technology group.
Evidence notes
- 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.
Company context
Marine technology company providing synthetic aperture sonar, subsea batteries, towed sonar systems and subsea intelligence systems.