- Teledyne Technologies ( NYSE: TDY ) has acquired ChartWorld International and affiliates.
- Terms of the transactions were not disclosed.
- Headquartered in Cyprus, with additional locations in Hamburg, Singapore, Vancouver and Tokyo, ChartWorld offers digital marine navigation hardware and software through an affordable subscription-based model.
- Teledyne CEO Robert Mehrabian stated: "ChartWorld’s maritime navigation software and hardware tools bridge a product and technology gap between our Teledyne Marine and Raymarine businesses. Furthermore, the acquisition adds to our software capabilities and recurring revenue, while expanding our customer base to include commercial Safety of Life at Sea class vessels and their commercial fleet operators. We are pleased to have now completed our second acquisition for the Teledyne FLIR and Raymarine organizations in the last six months."
For further details see:
Teledyne acquires ChartWorld International