Kraken Robotics has completed its acquisition of Covelya Group, adding a group of subsea technology businesses that expands Kraken’s product portfolio across sonar, navigation, positioning, imaging, power, communications, monitoring and data analytics. The combined business is positioned to offer integrated subsea intelligence systems for defence, offshore energy and ocean science customers.
The acquisition brings Sonardyne, EIVA, Forcys, Voyis and Chelsea Technologies into Kraken’s business. Kraken said the combination adds complementary products, engineering capabilities and customer relationships, with the enlarged group focused on dual-use underwater technologies for maritime security, offshore infrastructure and subsea survey applications.
The resulting product platform is intended to support a wider range of subsea operations, including sensing, navigation, imaging, communications and data interpretation in underwater environments. Kraken said the combined engineering teams are expected to work on integrated technology solutions for customers seeking more complete subsea systems rather than standalone components.
Kraken said the transaction expands its addressable market in subsea technology and adds technical capabilities through Covelya’s engineering teams and facilities. The company also said the acquisition strengthens its position in defence and maritime surveillance, where autonomous underwater systems and mine countermeasure applications are among the areas of customer demand identified by the company.
As part of the integration, Kraken is creating a corporate structure that separates Kraken Group, which will oversee financial and organizational governance, from the Kraken Robotics operating business, whose units will focus on operational execution, strategy and performance. Bernard Mills has been promoted to president of Kraken, while former Covelya executives will take roles across technology, products and enterprise performance within the operating business.
Kraken has also updated its 2026 outlook to include Covelya’s contribution, with revenue expected to be supported by the combined company’s portfolio of power, sensors, integrated systems and services. The company said product revenue will be driven by existing orders and expected orders tied to identified opportunities, while service revenue is expected to reflect demand in offshore energy and underwater infrastructure inspection and repair.
