Kraken Robotics

After Binance’s exit from Europe, the US crypto exchange Kraken is running its largest overseas advertising campaign to date and has appointed Lukas Podolski as brand ambassador to attract thousands of retail investors. The goal is to double revenue within a year and position itself for a potential IPO. For the expansion, Kraken currently employs only a single staff member in Germany, casting doubt on the ambitions from a personnel perspective. » Más en manager-magazin.de

Kraken Robotics has completed the acquisition of the Covelya Group for about CAD 615 million, integrating Sonardyne, EIVA, Forcys, Voyis and Chelsea Technologies. The company updates its 2026 guidance to consolidated revenues of CAD 290–320 million and adjusted EBITDA of CAD 65–75 million, expects cost synergies of around CAD 10 million within 24 months and forecasts a low- to mid‑double‑digit percentage increase in EPS for 2027. To finance the deal, a new CAD 125 million credit facility was fully drawn, the leadership team has been expanded and a listing on the TSX is being pursued. » Más en finanzen.net

Kraken Robotics has completed the acquisition of the Covelya Group for about $615 million, paid with roughly $480 million in cash and $135 million in shares. Financing was provided via a prior rights offering and a new credit facility; the revolving credit line was increased to $60 million and extended to March 2031. The company materially raised its 2026 guidance (consolidated revenue $290–320 million, adjusted EBITDA $65–75 million), reported additional order wins and plans a listing on the Toronto Stock Exchange; the seller retains about 4% of the shares subject to a lock-up. » Más en de.investing.com