Kraken receives approvals for Covelya acquisition
Kraken Robotics received the required regulatory approvals for its Covelya Group acquisition.
Evidence notes
- 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 remaining customary conditions.
Company context
Kraken-owned group supplying subsea sensing, navigation, communications, imaging and software.