Nauticus Robotics To Acquire 3D At Depth In All-Stock Transaction

Oct 03, 2023•almost 2 years ago

Acquiring Company

Nauticus Robotics

Acquired Company

3D at Depth

Webster

LongmontRoboticsOil And Gas

Description

Nauticus Robotics, Inc. (“Nauticus” or the “Company”) (NASDAQ: KITT), a developer of autonomous vehicles and robots for data collection and intervention services for offshore industries, announced the execution of a definitive agreement to acquire 3D at Depth, Inc. (“3D”), a global leader in commercial subsea laser LiDAR (Light Detection and Range) inspection and data services, for approximately $34 million in stock, before certain purchase price adjustments and the assumption of debt.

Company Information

Company

Nauticus Robotics

Location

17146 FEATHERCRAFT LANE

Webster, Texas, United States

About

Nauticus Robotics, Inc. is a Houston-area developer of ocean robots, autonomy software and services delivered to the ocean industries. Nauticus’ robotics products and services are delivered to commercial and government-facing customers through a Robotics-as-a-Service (RaaS) business model and direct product sales for both hardware platforms and software licenses. Besides a standalone service offering and products, Nauticus’ approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading legacy systems and other 3rd party vehicle platforms. Nauticus provides customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.

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