Kraken Robotics Acquires 3D at Depth, Expanding Subsea Technology Portfolio
Canadian marine technology company, Kraken Robotics, has announced a significant move to enhance its capabilities in the subsea industry. Through a subsidiary, Kraken has entered into a definitive agreement to acquire 100% of the shares of 3D at Depth, Inc., a prominent U.S.-based subsea technology and services company specializing in high-resolution LiDAR imaging and measurements.
The acquisition, valued at $17 million in cash, will further strengthen Kraken’s position in the market by incorporating 3D at Depth’s expertise in underwater LiDAR technology. This strategic move aligns with Kraken’s commitment to innovation and providing advanced solutions for underwater exploration and monitoring.
Enhanced Services and Capabilities
3D at Depth offers a comprehensive range of services, including measurement, inspection, surveying, diagnostics, and asset monitoring using its patented underwater LiDAR technology. This technology has been integrated into various survey platforms, such as ROVs, ROTVs, UUVs, and others, enabling precise data collection in challenging underwater environments.
One key advantage of 3D at Depth’s underwater LiDAR technology is its extended range, particularly in depths exceeding 300 meters. Additionally, it offers capabilities like non-contact vibration and temperature measurement, enhancing the accuracy and efficiency of subsea operations.
Moreover, 3D at Depth’s expertise in Remote Operations enables scalable, fully remote metrology solutions, providing clients with flexible and cost-effective options for underwater inspections and surveys.
Global Presence and Operations
Headquartered in Longmont, Colorado, 3D at Depth operates a production facility and maintains offshore service operations in Houston, Texas. The company also has satellite offices in Norwich and Aberdeen, UK, further expanding its global footprint and reach.
With the acquisition of 3D at Depth, Kraken Robotics is poised to strengthen its offerings in the subsea market and provide customers with advanced solutions for underwater imaging, measurement, and monitoring. The transaction is expected to close on or about April 1, 2025, pending customary closing conditions and approvals.
By integrating 3D at Depth’s cutting-edge technology and expertise into its portfolio, Kraken is well-positioned to drive innovation and deliver comprehensive subsea solutions to meet the evolving needs of the industry.