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acquisitionAnnounced · Mar 4, 2026underwater technologySource · CredibleArticle · Factual

Covelya Group · Kraken Robotics

Kraken Robotics acquires Covelya Group

David Najork · Founding Software Engineer

Published Apr 29, 2026 · Updated Apr 29, 2026 · 1 min read

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Deal value

$615M

Target

Covelya Group

TSX: COV · Yateley, Hampshire

Acquirer

Kraken Robotics

Full Acquisition

Status

Announced

Kraken Robotics agreed to acquire Covelya Group. Reported deal value: $615M. Status: Announced. Sector: underwater 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.

3 that it has entered into an agreement to acquire Covelya Group Limited , a provider of mission-critical underwater technology solutions operating through its subsidiary companies : Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd

Deal timeline

Announced

Mar 4, 2026 · canadianmanufacturing.com

Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.

Sector context

This transaction is classified in underwater technology with a reported deal value of $615M. Figures and status may change as sources update.

Sources: canadianmanufacturing.com · Primary article · FireStrike proprietary index