Kraken Robotics Expands into the U.S. through Acquisition of 3D at Depth

Kraken Robotics, a marine technology firm known for its advanced subsea sensors, batteries, and robotic systems, has announced a significant expansion into the U.S. market with its acquisition of 3D at Depth. Based in Longmont, Colorado, 3D at Depth specializes in high-resolution Lidar imaging and has developed a strong presence across several continents through over 450 completed projects. The acquisition is expected to enhance Kraken's service offerings, particularly in deepwater applications, by leveraging 3D at Depth's expertise in high-resolution Lidar technology for precise subsea measurements and inspections. The deal is seen as strategically fitting because it complements Kraken’s existing technologies and project execution capabilities. Furthermore, 3D at Depth's proficiency in remote operations will assist Kraken in offering scalable, remote subsea solutions. Cost efficiencies are anticipated from better integration across supply chains, facilities, and operations while accelerating technological advancement. The acquisition reinforces Kraken's foothold in the subsea optical systems market, bringing high-margin solutions into its portfolio and marking a pivotal expansion into the U.S. offices, notably in Texas and Colorado. This expansion is directed at strengthening Kraken’s established presence in the Northern European subsea services market, now extended to the U.S. Gulf region. For 3D at Depth, its integration into Kraken is forecasted to spur growth and facilitate geographical market expansion, significantly enhancing their capability to provide comprehensive client solutions. The merger fortifies both companies’ strategic positioning by creating an entity capable of delivering superior subsea imaging and Lidar solutions worldwide.