Kraken agrees C$615 million Covelya acquisition
Kraken Robotics signed an agreement to acquire Covelya Group from Sonardyne Holdings.
Evidence notes
- 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.
Company context
Kraken-owned group supplying subsea sensing, navigation, communications, imaging and software.