Nauticus Robotics ( (KITT) ) has issued an update.
On March 5, 2025, Nauticus Robotics announced its intent to acquire SeaTrepid International, a provider of subsea robotic services, for $16 million. This strategic acquisition is expected to significantly enhance Nauticus’ market position by integrating its AI-driven autonomy software with SeaTrepid’s ROV fleet, potentially increasing the combined company’s revenue by nine times compared to standalone Nauticus in 2024. The acquisition is anticipated to drive operational synergies and unlock new service opportunities, benefiting both customers and shareholders.
More about Nauticus Robotics
Nauticus Robotics, Inc. is a leading innovator in autonomous subsea robotics and software solutions, focusing on developing autonomous robots for ocean industries. The company provides robotic systems for service, sells vehicles and components, and licenses related software to commercial and defense sectors. Nauticus aims to reduce operational costs and environmental impact while enhancing offshore safety through its advanced technology products.
YTD Price Performance: -42.77%
Average Trading Volume: 9,390,364
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $27.47M
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