Covelya Group Timeline

Events

• 2026-07-20 - Commercial Order - Kraken Robotics announces $35 million in new product orders - The orders cover customers in maritime defence, offshore energy and ocean science. The product mix includes Kraken synthetic-aperture sonar plus Covelya navigation, positioning, multi-aperture sonar and monitoring systems. Kraken said combined Kraken and… - source: krakenrobotics.com
• 2026-07-02 - Acquisition - Kraken Robotics closes C$615 million Covelya acquisition - The deal brings navigation, positioning, imaging, communications, monitoring and data-analytics capabilities into Kraken. Kraken frames the combined company as a provider of mission-critical subsea intelligence for maritime security and offshore energy. The… - source: krakenrobotics.com
• 2026-06-18 - Regulatory - Kraken receives approvals for Covelya acquisition - Kraken announced receipt of all required regulatory approvals on June 18, 2026. The clearance removed the principal regulatory condition attached to the C$615 million transaction. Kraken said it expected to close the acquisition on July 2, subject to the… - source: krakenrobotics.com
• 2026-03-03 - Acquisition - Kraken agrees C$615 million Covelya acquisition - Kraken announced the signed acquisition agreement on March 3, 2026. Total consideration was C$615 million, comprising C$480 million in cash and C$135 million in Kraken shares. The proposed combination joined Kraken with Covelya companies spanning navigation… - source: krakenrobotics.com