Shares of Kraken Robotics Inc. advanced more than 9% in early European trading Monday, reflecting continued investor focus on the company's expanded scale and strong order momentum following its largest acquisition to date. The stock traded near 3.85 euros on the Frankfurt exchange under the ticker 2KQ.

Kraken, a Canadian provider of underwater robotics, synthetic aperture sonar, subsea batteries and related marine technologies, closed its acquisition of Covelya Group Limited on July 2 for approximately 615 million Canadian dollars. The deal brought together Sonardyne, EIVA, Forcys, Voyis and Chelsea Technologies, creating a broader portfolio of mission-critical subsea intelligence solutions spanning sonar, navigation, positioning, imaging, power systems and data analytics.

Management promptly updated its 2026 financial guidance to reflect the transaction's contribution. Consolidated revenue is now expected in the range of 290 million to 320 million Canadian dollars, nearly double the prior standalone outlook of 165 million to 175 million dollars. Adjusted EBITDA guidance was raised to 65 million to 75 million dollars. Revenue is anticipated to be weighted toward the second half of the year as integration progresses.

On July 20 the company announced an additional 35 million dollars in new product orders from customers in........

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