Kraken Robotics Acquires Underwater Lidar Company 3D at Depth

Marine technology company Kraken Robotics will acquire 3D at Depth, Inc., a U.S.-based subsea technology and services company specializing in high resolution lidar imaging and measurements for underwater applications. The deal carries a cash value of $17 million.

According to Kraken Robotics president and CEO Greg Reid, the acquisition builds on Kraken's expertise in subsea optical systems and expands offerings in that area by adding solutions that feature differentiate capabilities. Kraken provides subsea sensors, batteries, and robotic systems designed for marine and underwater use cases.

The combined company’s platforms will have a strong R&D feedback loop as technologies are deployed, tested, and iterated in Kraken’s services business, Kraken said. It plans to make the acquisition through a subsidiary, and said that it has already signed a definitive agreement and plan of merger for the indirect acquisition.

3D at Depth’s headquarters and production facility are based in Longmont, Colo. with offshore service operations based out of Houston. The company operates two satellite offices in the U.K.