Canada-headquartered marine technology player Kraken Robotics is expanding its U.S. footprint with the acquisition of 3D at Depth, a subsea technology and services company specializing in high resolution LiDAR imaging and measurements.
Kraken Robotics , through a subsidiary, has signed a definitive agreement and plan of merger to acquire 100% of the shares of 3D at Depth for $17 million in cash, subject to adjustment for any debt indirectly assumed or paid out on closing and to customary working capital adjustments, among other things.
