Did some more digging in the business acquisition filing and found Covelya had stakes in these two companies, and one of them really caught my attention.
Lumasys is pretty much just a technology supplier and licensing partner to Sonardyne. But Dynautics seems very interesting and could be a very strategic future acquisition if Kraken and Covelya ever decide to pursue it.
Covelya already owns 20% of Dynautics, which specializes in autonomous navigation, autopilots, and control systems for unmanned surface vessels (USVs) and underwater vehicles (UUVs).
What makes this interesting is how well its technology could complement Kraken's existing products. For example, Dynautics' USV autonomy and navigation systems could potentially be used on vessels equipped with Kraken's KATFISH and launch-and-recovery systems (LARS), allowing Kraken to offer more integrated autonomous mine-countermeasure and seabed survey solutions.
Even more interesting is that Dynautics has developed its own Phantom 2 autonomous underwater vehicle (AUV), which could potentially complement Kraken's synthetic aperture sonar, underwater batteries, Sonardyne's acoustic positioning and communications systems, and EIVA's mission-planning software. Unlike KATFISH, which is towed behind a vessel, the Phantom 2 is a self-propelled underwater vehicle.
Another interesting thing I found is that Dynautics claims to have developed a UUV for the US Navy in just 100 days using its own simulation software, which allowed it to test and refine the vehicle's design before physically building it. I think this could also be a pretty interesting synergy for Kraken, since Dynautics' simulation and rapid-prototyping capabilities could potentially help accelerate product development, reduce R&D costs, and make the integration of new technologies more efficient. Of course, we don't know how much of this Kraken or EIVA can already do internally, but it's another potential benefit worth considering.
Instead of just supplying individual components, Kraken could potentially offer a much more integrated underwater robotics solution, from the vehicle's navigation and control systems to its sensors, communications, and mission software.
And since Covelya already owns 20% of Dynautics, acquiring the remaining 80% could be an interesting way to expand into this area.
Obviously, there's no indication Kraken is actually planning to acquire Dynautics, and we don't know what the company would cost. However, Dynautics appears to be a relatively small company, with around 10 employees and approximately £1.53M in net assets according to its 2025 financial statements. This could potentially make it a relatively small bolt-on acquisition for Kraken, although its technology and intellectual property could command a much higher valuation.
Strategically, I think the potential synergies are pretty interesting, especially given Kraken's ambitions in autonomous underwater systems.
I'll leave the link to their website here if anyone is interested in checking them out: https://www.dynautics.com/
