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acquisitionAnnounced · Mar 4, 2026Defence and Maritime TechnologySource · CredibleArticle · Factual
Kraken Robotics acquires Covelya Group
David Najork · Founding Software Engineer
Published · Updated · 1 min read
Deal value
$615M
Target
Covelya Group
Yateley, Hampshire
Acquirer
Kraken Robotics
Full Acquisition
Status
Announced
Kraken Robotics agreed to acquire Covelya Group. Reported deal value: $615M. Status: Announced. Sector: Defence and Maritime Technology. Target headquarters context: Yateley, Hampshire, United Kingdom.
This page summarizes publicly available information about the transaction as of 2026-03-04. Figures and status may change as filings and press coverage update.
St. John-based marine technology company Kraken Robotics is looking to position itself as a major supplier of dual-use subsea technology with the acquisition of United Kingdom -based Covelya Group
Deal timeline
Announced
Mar 4, 2026 · betakit.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Defence and Maritime Technology with a reported deal value of $615M. Figures and status may change as sources update.
Sources: betakit.com · Primary article · FireStrike proprietary index