Acquiring Company
Kraken Robotics
Acquired Company
Covelya Group
Mount Pearl
United KingdomManufacturingInformation TechnologyRoboticsManufacturingDescription
Kraken Robotics has successfully completed its largest acquisition to date, acquiring Covelya Group for approximately C$615 million. This transformative deal enhances Kraken's technology portfolio significantly, integrating prominent brands into its operations. The acquisition is expected to boost Kraken's revenue forecast for 2026 substantially. As the company prepares for its earnings call, the market's response to this integration remains a focal point.
Don't miss Kraken Robotics's next move
Get an email the moment Kraken Robotics makes an acquisition, hires an exec, or expands, usually minutes after it happens.
One email per event. Unsubscribe anytime.
Related People
M&A Insights
Based on deal dataFrequently asked
Who acquired Covelya Group?
Covelya Group was acquired by Kraken Robotics, based in Mount Pearl. The deal was reported on August 27, 2026. Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Kraken Robotics is privately held and operates in Manufacturing.
When did Kraken Robotics acquire Covelya Group?
Kraken Robotics's acquisition of Covelya Group was reported on August 27, 2026. Kraken Robotics has successfully completed its largest acquisition to date, acquiring Covelya Group for approximately C$615 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Covelya Group do?
Covelya runs underwater tech firms including Sonardyne, EIVA, Forcys, Wavefront Systems, Voyis Imaging, and Chelsea Technologies. The company specializes in providing advanced underwater technology solutions. It is privately held, operating in Manufacturing, and is based in United Kingdom.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.