Kraken Robotics Receives Regulatory Approval for Covelya Group Acquisition

Kraken Robotics Inc. has obtained all required regulatory and stock exchange approvals to complete its previously announced acquisition of Covelya Group. The company stated that the transaction is expected to close on July 2, 2026, contingent on the satisfaction of customary closing conditions.

The acquisition, initially announced on March 3, 2026, combines Kraken's underwater technology expertise with Covelya's offerings in mission-critical solutions for underwater platforms and subsea sensors. Kraken President and CEO Greg Reid commented on receiving the final regulatory approval for what he described as a "highly strategic and transformative acquisition."

Covelya Group encompasses several subsidiaries, including Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd., all active in the underwater and maritime technology sectors. The combined entity aims to establish itself as a global leader in these fields.

Kraken Robotics focuses on subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. The integration of Covelya is anticipated to enhance Kraken's market position and expand its product portfolio in the subsea and maritime technology industry worldwide.