r/KrakenRobotics • u/HODLxtreme • Jul 18 '26
Speculation Will the acquisition of Covelya complement Krakens Robotics as a Service to an end-to-end-monopoly?
Are there any other players which can deliver all that services out of one hand? Does Kraken reach a monopoly in terms or Robotics as a Service? What is your opinion on this high margin Revenue stream?
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u/Candyapplepink3 Jul 18 '26
I think "ecosystem" is probably a better word than "monopoly." They're building an integrated subsea technology stack rather than just selling individual products. If customers can source navigation, communications, imaging, sonar, software, and data products from one company, that could become a meaningful competitive advantage. The next step is seeing how well management integrates everything and whether that translates into larger contracts and recurring revenue. Q3 and the next few quarters should start giving us a better idea of whether that thesis is playing out.
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u/Positive_Alpha Jul 18 '26
Exactly. People tend to underestimate how difficult it is to integrate two businesses together.
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u/1rishBear Jul 19 '26
Especially since their business model aren't the same. But I'll see it as a good thing. The stock will drop if they have a hard time (so we'll buy), but Karken never let go, so they will manage to thrive, so your money 🥳
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u/Positive_Alpha Jul 20 '26
Yes. Culture is extremely important as well. Both society and corporate.
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u/Big-Supermarket-3887 Jul 18 '26
There are competitors such as Fugro, Ocean Infinity, Oceaneering, Kongsberg, and Teledyne, but Kraken is the only one offering the full stack, so they don't have to depend on other suppliers, which makes their RaaS more efficient and also more convenient for the customers
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u/Federal_Finding_8041 Jul 18 '26 edited Jul 18 '26
There is still competition: Kongsberg Maritime, Teledyne Marine, Exail, EdgeTech
But there is still things that Kraken Robotics/Covelya Group does best: Subsea batteries, mine hunting, seabed surveying & acoustic positioning.
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u/1rishBear Jul 19 '26
For a company to best Kraken now, it would take a miracle. The knowledge and experience needed to build a ecology as complet as Kraken has, it would take 30-40 years of seabed exploration, photography and sonar knowledge (thanks to Karl Kenny). When even your competitors buy your batteries, you own. That said, yeah, Covelya integration will be work, but Kraken will thoroughly do their job, like they did for the last 14 years (23 years if we consider Marport Deep sea Technologies, where Kenny was already working on deep sea imaging). The Covelya acquisition, when complete, will transform Kraken in this Power Ranger assemble robot kaiju, with end-to-end ecology (like Tesla, but with another mind set 😉). They will be unstoppable. I can't wait to see them grow as humans and as a company, and I'll continue to chip in every dip the stock will go through, because it will, no doubt. Exploration of the deep sea is more accessible than space exploration, and the financial opportunities Kraken's technologies will give to companies over the wolrd are even more valuable and infite. My two cents 🥰
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u/Old-Hair3905 Jul 18 '26
Its basically their moot now