Q: Hi,
Can you please comment on Kraken's most recent acquisition from a competitive point of view, ie does this place them more of a leader in their segment or simply adds to their offerings and maybe is more of a one stop shop?
I have owned the stock for about 4 years now and it's become a meaningful position.
Cheers,
Steve
Can you please comment on Kraken's most recent acquisition from a competitive point of view, ie does this place them more of a leader in their segment or simply adds to their offerings and maybe is more of a one stop shop?
I have owned the stock for about 4 years now and it's become a meaningful position.
Cheers,
Steve
5i Research Answer:
3D at Depth specializes in hig-resolution underwater LiDAR imaging solutions, and this is expected to integrate with Kraken to broaden its service portfolio. 3D at Depth has a strong customer base of over 60 global clients, mostly in the offshore oil and gas sector. This will essentially expand PNG's client network. It diversifies its service offerings but also solidifies its position in the subsea tech space. We like this acquisition overall.