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Kraken acquires 3D at Depth for subsea innovation

Apr 02, 20254 months ago

Acquiring Company

Kraken Robotics

Acquired Company

3D at Depth

Mount PearlLongmontRoboticsManufacturingInformation TechnologyOil And Gas

Description

Kraken Robotics Inc. has completed the acquisition of 3D at Depth Inc., making it a wholly owned subsidiary. This acquisition enhances Kraken's capabilities in subsea LiDAR imaging, allowing for complementary solutions in marine technology. The combined offerings will benefit clients in commercial, defense, and marine research sectors.

Company Information

Company

Kraken Robotics

Location

Mount Pearl, Newfoundland And Labrador, Canada

About

Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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