Acquiring Company
Kraken Robotics
Acquired Company
Covelya
Mount Pearl
United KingdomManufacturingInformation TechnologyRoboticsManufacturingDescription
Kraken Robotics has announced its acquisition of Covelya for 615 million Canadian dollars. This strategic move aims to expand Kraken's product offerings in subsea technologies. Despite recent struggles in stock performance, the acquisition is viewed as a significant opportunity for growth. The integration of Covelya's capabilities is expected to enhance Kraken's market position.
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Based on deal dataFrequently asked
Who acquired Covelya?
Covelya was acquired by Kraken Robotics, based in Mount Pearl. The deal was reported on September 5, 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?
Kraken Robotics's acquisition of Covelya was reported on September 5, 2026. Kraken Robotics has announced its acquisition of Covelya for 615 million Canadian dollars. This strategic move aims to expand Kraken's product offerings in subsea technologies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Covelya 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.
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