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Business/Financial

Kraken Sonar Acquires Marine Robotics

By Cal Biesecker

Wednesday, November 18th, 2015

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Kraken Sonar Acquires Marine Robotics

SQX-500 unmanned underwater vehicle being lowered into a test tank. Photo: Kraken Sonar

Kraken Sonar Inc. this week said it has acquired Marine Robotics Inc., strengthening its technology and intellectual property portfolio.Terms of the deal were not disclosed.The asset acquisition includes an operational twin-pod SQX-500 unmanned underwater vehicle, underwater technology and intellectual property. Most of Marine Robotics employees, which include senior electrical mechanical and software engineers, are now with Kraken.“We believe the ocean drone market is at an inflection point and set for major growth,” Karl Kenney, president and CEO of Canada-based Kraken,…

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