13.03.2025
Kraken Robotics Inc. announces that, through a subsidiary, it has signed a definitive agreement and plan of merger to acquire 100% of the shares of 3D at Depth, Inc., a leading American subsea technology and services company specializing in high resolution LiDAR imaging and measurements. Under the terms of the Agreement, Kraken will indirectly acquire 3D at Depth for US$17 million in cash subject to adjustment for, among other things, any debt indirectly assumed or paid out on closing and to customary working capital adjustments. The Transaction remains subject to customary closing conditions, including, without limitation, consent of Kraken’s primary lender and is expected to close on or about April 1, 2025. Transaction details are provided below.
