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Kraken Robotics acquired UK’s Covelya Group for $615 million, boosting its global reach and capabilities in maritime technology.
Kraken Robotics has agreed to acquire UK-based Covelya Group for $615 million in cash and stock, completing the deal on March 3, 2026.
The acquisition combines Kraken’s subsea sensors and robotics with Covelya’s navigation, imaging, and monitoring technologies across six subsidiaries.
The move expands Kraken’s global footprint to 12 facilities, increases its workforce to about 1,200 employees, and strengthens its position in defense and commercial maritime markets.
The combined company expects revenue of $351 million to $379 million in 2025 and aims to deliver integrated solutions for autonomous and uncrewed maritime systems.
Kraken Robotics adquirió Covelya Group del Reino Unido por $ 615 millones, aumentando su alcance y capacidades globales en tecnología marítima.