Acquiring Company
Kraken Robotics
Acquired Company
Covelya Group
Mount Pearl
United KingdomManufacturingInformation TechnologyRoboticsManufacturingDescription
Kraken Robotics has announced its acquisition of Covelya Group for a total of $615 million. This deal includes $480 million in cash and $135 million in common shares. The acquisition aims to enhance Kraken's position in the subsea technology market and expand its product offerings. Covelya Group is recognized for its expertise in underwater technology solutions and has a strong global presence.
Who to call at Kraken Robotics, and when
When Kraken Robotics changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Covelya Group?
Covelya Group was acquired by Kraken Robotics, based in Mount Pearl. The deal was reported on March 3, 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 March 3, 2026. Kraken Robotics has announced its acquisition of Covelya Group for a total of $615 million. This deal includes $480 million in cash and $135 million in common shares. 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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