Covelya Group

What Covelya Group does

Covelya Group Limited is a UK-based private holding company (incorporated April 2020, company number 12493148) that aggregates six operating subsidiaries — Sonardyne International, Wavefront Systems, Chelsea Technologies, EIVA, Voyis Imaging, and Forcys — providing subsea instruments, systems, and software solutions across defense, offshore energy, and ocean science markets. The group's technology portfolio spans subsea navigation and positioning (SPRINT-Nav INS/DVL, 6G USBL), acoustic and optical communications (up to 9,000 bps acoustic at 11km, up to 1Gbit/s optical at 10m), imaging sonar (Vigilant FLS, Solstice MAS), stereo optical vision (Discovery cameras), environmental sensing (STAF fluorometry), and onboard edge processing. The Phorcys open interoperability standard and EIVA's NaviSuite software platform tie the hardware portfolio together into integrated subsea perception, navigation, and autonomous operation solutions.

Covelya generated approximately £142 million in combined 2025 turnover (~24% annual growth since 2023) and employs 600-750+ people across offices in the UK, Denmark, US, Singapore, Brazil, Canada, and Germany. The business model is a hybrid of one-time hardware sales (subsea instruments and systems), recurring software revenue (NaviSuite subscriptions), and professional services (Sonardyne Training School, support). Distribution combines direct enterprise sales with a global agent and reseller network, targeting navies, naval system integrators (Forcys), offshore energy operators, and ocean research institutions. Key named customers include the Polish Navy (KATFISH sonar on Kormoran II-class vessels) and Anduril (sea drone sensor integration). The company holds ISO 45001, 50001, and 14001 certifications and operates in regulated defense supply chains.

In March 2026, Kraken Robotics announced the acquisition of Covelya Group for $615 million CAD ($480M cash + $135M in Kraken shares), with closing expected July 2, 2026, creating a combined subsea technology platform with ~$365M projected revenue, 700+ customers, 1,200 employees, and 450,000+ square feet of production and development facilities. The deal positions the combined entity as a global leader in mission-critical underwater platform solutions spanning batteries and sonar (Kraken) with navigation, communications, and software (Covelya), with cross-selling opportunities into Anduril's sea drone platforms and shared naval system integrator relationships.

Name

Covelya Group

Legal name

Covelya Group Limited

Website

https://covelya.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Subsea Technology Systems

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Submarine Navigation, Periscope/Optronics & Communications Manufacturing (IMAJAOAJ)

akta.pro secondary industry

Sonar, Undersea Sensors & Acoustic Detection Systems (IMABAGAD)

Keywords

• Subsea technology systems
• Underwater navigation positioning
• Acoustic communications subsea
• Imaging sonar systems
• Naval defence underwater sensors

Headquarters

HQ city

Grateley

HQ country

United Kingdom

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Products: Sale of subsea instruments, systems, and solutions including navigation equipment, sonar systems, imaging cameras, environmental sensors, and seabed nodes. Includes products from operating companies Sonardyne, EIVA, Wavefront, Voyis, Chelsea Technologies, and Forcys.
2. Software Solutions: Sale of subsea software including NaviSuite from EIVA for survey operations, data automation, vehicle autonomy, and mission planning. Provides live data quality controls and real-time analysis through deep learning.
3. Training and Support Services: The Sonardyne Training School provides 8-week training programs for assembly operators leading to 16-month fixed contracts. Services include customer support and maintenance.
4. Acquisition Target Revenue: Kraken Robotics acquisition valued at $615 million (expected to close July 2, 2026) brings approximately $262 million in projected 2025 revenue, combining two defense-focused industrial companies with combined projected revenue of $365 million.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Covelya Group is a holding company of six operating subsidiaries (Sonardyne, Wavefront Systems, Chelsea Technologies, EIVA, Voyis Imaging, Forcys) that develop, manufacture, sell, and support subsea instruments, systems, and solutions for navigation, positioning, acoustic and optical communications, imaging sonar, underwater optical imaging, and environmental monitoring. The group's products are deployed on offshore energy, naval defence, and ocean science platforms globally, with both hardware products (sensors, sonars, cameras) and software (NaviSuite) sold through direct enterprise sales and a global agent and reseller network.

Product overview

Covelya Group is a holding company comprising six operating subsidiaries that develop, manufacture, and support subsea instruments, systems, and solutions across energy, science, defence, and commercial maritime markets. The portfolio spans Sonardyne International (subsea navigation, positioning, and acoustic communications), Wavefront Systems (imaging sonar and intruder detection), Chelsea Technologies (environmental sensors and fluorometry), EIVA (software for autonomous operations and survey automation), Voyis (underwater optical imaging and laser scanning), and Forcys (naval underwater technology integration). Key products include the Origin ADCP with integrated Edge processing, Discovery Camera for real-time 3D modeling, SPRINT-Nav for precision AUV navigation, and NaviSuite software for autonomous vehicle control. The companies share technology across acoustic/optical communications, edge computing, and sensor integration to serve overlapping customers in defence, offshore energy, ocean science, and marine survey applications.

Differentiator

Problem solved

Functional benefit

Brands

• Sonardyne: Underwater acoustic communications, navigation, and positioning technology solutions for offshore energy, naval defence, and ocean science
• Wavefront Systems
• Chelsea Technologies
• EIVA
• Voyis
• Forcys

Products and services

• Origin ADCP (Acoustic Doppler Current Profiler) First ADCP with integrated acoustic modem and onboard Edge processing, providing 50-metre current profiling with high-resolution in-situ measurements and on-demand data retrieval for offshore survey customers.
• Discovery Stereo Camera Underwater camera system capturing 4K video for vehicle piloting with simultaneous high-resolution still image recording, real-time image enhancement, and 3D point cloud generation via onboard edge computing for ROV and AUV applications.
• SPRINT-Nav Subsea Navigation System All-in-one subsea navigation system combining an inertial navigation system (INS) and Doppler velocity log (DVL) for high-precision navigation of autonomous underwater vehicles.
• 6G Ultra-Short Baseline (USBL) Acoustic Positioning System Acoustic positioning system with AvTrak6 vehicle-mounted transceiver for simultaneous long-baseline (LBL) ranging, USBL tracking, and subsea telemetry for vehicle-to-vessel and AUV-to-AUV communications.
• NaviSuite Software Platform Comprehensive software platform from EIVA for survey operations, data automation, and vehicle autonomy, with live data quality controls and adaptive missions enabled by deep learning interpretation across multi-sensor datasets.
• Vigilant Forward-Looking Sonar (FLS) Real-time 2D or 3D sonar imaging with up to 1500m hazard detection range for autonomous navigation of underwater vehicles.
• Solstice Multi-Aperture Side-Scan Sonar (MAS) Wide-area side-scan sonar capturing over 200m on each side at centimetric resolution for efficient seabed detection and classification.
• Sentinel Intruder Detection Sonar (IDS) Underwater intruder detection sonar system for security and surveillance of sensitive maritime sites such as ports and naval facilities.
• Sentry Integrity Monitoring Sonar (IMS) Imaging sonar for integrity monitoring of underwater assets and structures, developed by Wavefront Systems.
• STAF (Single Turnover Active Fluorometry) Sensors Environmental sensing technology from Chelsea Technologies measuring phytoplankton photosynthesis, turbidity, and water quality for ocean science, climate monitoring, and water quality applications.
• Sonardyne Training School 8-week training programs for assembly operators leading to 16-month fixed contracts, plus customer support and maintenance services for Covelya/Sonardyne subsea technology products.

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature10 records

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Teledyne Marine: Teledyne's marine instrumentation division offering sonars, subsea imaging, ADCPs, and acoustic releases across many subsea use cases. Broad incumbent competitor with overlapping portfolio to Wavefront, Chelsea Technologies, and Sonardyne sensors.
• Kongsberg Maritime: Division of Norwegian Kongsberg Gruppen offering underwater positioning (HiPAP USBL), HUGIN AUVs, sonars, and naval combat systems. Closest large incumbent peer to Covelya given overlapping subsea navigation, sonar, and naval autonomous system offerings.
• L3Harris Ocean Systems: US defense prime's marine division offering unmanned underwater vehicles (Iver), sonar systems, and acoustic communications. Comparable to Covelya in defense AUV and undersea sensor markets.
• Thales (Underwater Systems): Thales' underwater systems business produces sonars (CAPTAS, BlueScan), mine countermeasures, and naval sensor suites. Direct comparable in naval sonar and integrated mission packages for surface ships and submarines.
• Saab (Seaeye and underwater systems): Swedish defense prime whose Seaeye division produces underwater ROVs and whose broader portfolio includes naval sonar and combat systems. Comparable to Covelya in serving naval AUV/ROV operators with integrated mission systems.

Direct peers

• Exail (formerly iXblue): French-headquartered provider of inertial navigation systems (Phins), USBL positioning (Gaps), and acoustic communications. Directly comparable to Sonardyne in high-precision subsea INS/DVL and acoustic comms, serving the same naval and offshore survey customers.
• Oceaneering International: US-based provider of subsea robotics, engineered services, and asset integrity solutions to offshore energy, defense, and aerospace customers. Comparable to Covelya as a vertically integrated subsea technology and services provider to overlapping naval and offshore markets.
• EdgeTech: US-based manufacturer of side-scan sonars, sub-bottom profilers, and combined bathymetric systems. Directly comparable to Wavefront's Solstice MAS and EIVA's survey product lines serving hydrographic and offshore survey customers.
• Kraken Robotics: Canadian subsea sonar and battery technology company that announced the acquisition of Covelya Group for $615M in 2026. Highly comparable given overlapping subsea sensor/sonar offerings and shared naval/AUV customer base; Kraken is now Covelya's parent and the closest direct competitor in synthetic aperture sonar for AUVs.

Emerging players

• NORBIT Subsea: Norwegian technology company producing multibeam sonars, ADCPs, and subsea sensing solutions. Emerging peer comparable to Covelya's Chelsea Technologies and Sonardyne Origin ADCP product lines, with growing presence in hydrographic survey and offshore energy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/covelya-group-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Covelya Group