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Kraken Robotics trading currently suspended.

Kraken Robotics acquires Covelya Group for 615 million Canadian dollars

Tuesday, 03.03.2026 23:02

Source: reuters.com

Kraken Robotics Inc. is acquiring Covelya Group Limited for a total of 615 million Canadian dollars. 480 million Canadian dollars will be paid in cash and a further 135 million Canadian dollars through the issuance of Kraken common shares. To partially finance the cash purchase price, Kraken is also placing subscription receipts in the amount of approximately 350 million Canadian dollars and utilizing a new 150 million Canadian dollar secured credit facility, which is expected to close in the second quarter of 2026.

$PNG (-3,73%)

21 Comentários

Klein-Anleger@Klein-Anleger

This catapults Kraken Robotic into a new league 🚀 @Tenbagger2024

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Emdy@Emdy

@Klein-Anleger I already have the company on my watchlist. I just haven't found a way in yet.

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Chris@Multibagger

@Klein-Anleger Exactly, new debt and dilution. 😉 But I didn't want to buy today anyway.

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Klein-Anleger@Klein-Anleger

@Multibagger Management itself has said that the acquisition is immediately accretive to earnings. This means that earnings per share will increase faster than the dilution and interest costs... The takeover positions Kraken Robotics even more broadly in the underwater market and triples its turnover. You are buying a company that is already very profitable and will immediately increase earnings per share despite dilution. Are you rather critical of the takeover? The danger is that the integration will not succeed...

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Stef*1893*@Stef1893

I'm curious to see how big the dip will be when they are tradable again 👀. I see a chance to get in/expand again at a favorable price 👌🏻, before the thing will most likely only know one way in the future with the purchase, namely ️🫡🙌🏻.

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Chris@Multibagger

@Klein-Anleger I just let my savings plan run. 😉 I actually haven't even looked at the acquired company yet. 😎😂 So in that respect it was an unqualified joke post.

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Klein-Anleger@Klein-Anleger

@Multibagger So, for me, this is absolutely the right move in the long term. I want to have a high growth niche champion that continues to grow strongly. That does $PNG

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Klein-Anleger@Klein-Anleger

@Multibagger So that you don't have to do any research, I've had Gemini summarize the acquired company for you in thinking mode:

Acquired for CAD 615 million, the Covelya Group is a British specialist in maritime sensor technology which, with 12 international locations and brands such as Sonardyne, suddenly multiplies Kraken's global reach. With a projected annual turnover of up to CAD 275 million and an operating profit (EBITDA) of over CAD 60 million, the company contributes a remarkable profitability of around 24% to the Group.

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Chris@Multibagger

@Klein-Anleger danke.

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Stef*1893*@Stef1893

@Multibagger The Covelya Group is an international technology group from the UK that primarily develops technologies for underwater, marine and defense applications. �
Covelya Group +1
Overview of the company
Founded: 2020 (initially as Sonardyne Group, Covelya since 2021) �
find-and-update.company-information.service.gov.uk +1
Registered office: Yateley, Hampshire (UK) �
find-and-update.company-information.service.gov.uk
Employees: over 450 �
Covelya Group
Turnover: over £60 million per year �
Covelya Group
Industry: maritime technology, sensor technology, underwater navigation, defense, environmental and ocean research �
Covelya Group +1
The company develops and produces instruments, sensors, software and systems that are primarily used in offshore energy, marine research, naval/defense and environmental monitoring. �
Covelya Group +1
Important subsidiaries
The group includes several specialized companies in the field of underwater technology, e.g:
Sonardyne International - underwater navigation and communication
Wavefront Systems - sonar and safety monitoring systems
Chelsea Technologies - sensors for water quality, environment and shipping
EIVA - software and equipment for underwater surveying
Voyis - Underwater cameras and imaging �
Sonardyne
What their technology is used for
The Group's technologies are used for, among other things
Navigation and communication of underwater robots (ROVs/AUVs)
Offshore oil and wind energy
Marine and port security monitoring
Marine research and climate monitoring
Underwater mapping and archaeology �
Covelya Group +1
✔️ In short: Covelya is a high-tech industrial group for underwater and marine technology that bundles several specialized companies and delivers solutions for ocean, energy and defense projects worldwide.

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Stef*1893*@Stef1893

@Stef1893 I once asked ChatGPT 😅

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Ver todas as 6 restantes respostas

Ichbinak63@Ichbinak63

I'm in with 200 shares, I think this is a good company for the future

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Stef*1893*@Stef1893

https://www.krakenrobotics.com/news-releases/kraken-robotics-announces-signing-of-strategic-acquisition-to-expand-global-maritime-capabilities/

If you want, you can read the statement from Kraken Robotics 😉💯

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Caynify@Caynify

But why has trading been suspended?

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Stef*1893*@Stef1893

@Caynify 👉 When such big news is published, stock exchanges sometimes suspend trading briefly so that all investors have access to the information at the same time.

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