Kraken Robotics Secures Significant Orders and Acquisition Approval
Kraken Robotics Inc. has announced substantial defense orders totaling over $60 million and received regulatory approval for its acquisition of Covelya Group, bolstering its global maritime capabilities.
Kraken Robotics Inc. reported significant business developments in early 2026, including securing over $60 million in defense-related orders for its SeaPower batteries and Kraken SAS sonar systems. The company also achieved regulatory approval for its acquisition of Covelya Group, a move expected to expand its global maritime operations.
The company's first-quarter 2026 financial results indicated steady growth. Additional orders for its SeaPower™ batteries were announced, valued at $35 million. In late 2025, Kraken Robotics successfully demonstrated its KATFISH system for autonomous launch and recovery with TKMS ATLAS UK and the British Royal Navy.
Kraken Robotics has also focused on strategic personnel appointments in early 2026, including new board members and key hires in technology and human resources. These appointments support the company's expansion strategy and technological advancements within the maritime technology sector.
These developments underscore Kraken Robotics' ongoing strategy of growth through both product innovation and strategic acquisitions, aiming to solidify its position as a key player in the international maritime technology market.