Nauticus Robotics tot acquire SeaTrepid International, terms not disclosed

Nauticus Robotics (KITT) announced signing of a definitive agreement to acquire all of the assets and business of SeaTrepid International, an expert in providing subsea robotic services to customers throughout the world. This strategic acquisition underscores Nauticus’ commitment to innovation and revenue growth in 2025. By integrating Nauticus’ AI-driven autonomy software, ToolKITT, into SeaTrepid’s existing ROV fleet, the combination will showcase unprecedented advancements in power efficiency and operational performance across the industry. The ability of ROVs and Aquanaut to seamlessly communicate at depth unlocks new service opportunities, enabling two autonomous systems to collaborate in delivering cutting-edge underwater solutions. The combined company’s revenue is expected to be ~9x higher than that of standalone Nauticus 2024. John Gibson will remain the CEO and President of the combined company with SeaTrepid’s CEO, Bob Christ, co-author of “The ROV Manual”, taking the role of President of SeaTrepid Operations. The companies will maintain their current locations and workforces due to the complementary nature of the businesses and expectation of new project growth throughout 2025. Completion of the acquisition is expected in May 2025. The transaction is subject to customary closing conditions, including the consent of certain creditors of both parties to the transaction.