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.
- Industry
- Engineering Services
- Location
- Colorado, United States
- Transaction Type
- Buyout
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