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Kraken Robotics acquires Covelya Group

PRIVATESep 14, 2026•about 2 hours ago

Acquiring Company

Kraken Robotics

Acquired Company

Covelya Group

Mount PearlUnited KingdomManufacturingInformation TechnologyRoboticsManufacturing

Description

Kraken Robotics has announced its acquisition of Covelya Group. This acquisition comes amidst challenges related to Kraken's stock performance, which has seen a significant decline. The market is also concerned about integration risks following this acquisition. Despite the risks, Kraken's innovative technologies position it well for future growth.

Company Information

Company

Kraken Robotics

Location

Mount Pearl, Newfoundland And Labrador, Canada

About

Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.

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Predictive Intelligence
Strategic

ML-powered predictions for Kraken Robotics's next move

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Covelya Group?

Covelya Group was acquired by Kraken Robotics, based in Mount Pearl. The deal was reported on September 14, 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 September 14, 2026. Kraken Robotics has announced its acquisition of Covelya Group. This acquisition comes amidst challenges related to Kraken's stock performance, which has seen a significant decline. 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.

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