Kraken Robotics Acquires 3D at Depth for $17 Million

Kraken Robotics Inc. has entered into a definitive agreement to fully acquire 3D at Depth, a U.S. company specializing in high-resolution LiDAR imaging, for $17 million. The acquisition is expected to close by April 1, 2025, after meeting customary closing conditions. This strategic acquisition allows Kraken to incorporate 3D at Depth's advanced underwater LiDAR technology into its portfolio, enhancing Kraken’s subsea optical systems and expanding its service offerings, particularly in challenging water depth environments over 300 meters. The move also signifies Kraken's ambitious expansion into the United States, with new operational bases in Texas and Colorado. The addition of 3D at Depth’s innovative solutions will enable Kraken to offer a superior suite of acoustic and optical imaging technologies, bolstering its existing relationships with offshore customers and providing a stronger foothold in both the oil and gas, and renewable energy sectors. Kraken's Seavision systems, designed for collecting subsea data, will now be complemented with 3D at Depth's capabilities, thus empowering Kraken to serve a more diversified customer base across the globe.