Nauticus Robotics Acquires 3D at Depth

October 3, 2023

Nauticus Robotics (NASDAQ: KITT) agreed to acquire 3D at Depth, a Colorado-based subsea LiDAR and inspection services provider, in an all-stock transaction valuing the deal at approximately $34 million (before adjustments) and assuming about $4.1 million of debt. The acquisition brings 3D's subsea laser LiDAR technology, data services, and patent portfolio to Nauticus, expanding its autonomous underwater capabilities and commercial addressable market in offshore energy and renewables.

Buyers
Nauticus Robotics, Inc.
Targets
3D at Depth, Inc.
Location
Colorado, United States
Transaction Type
Buyout

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