Teledyne merges ChartWorld and Raymarine Commercial navigation brands
Get Alerts TDY Hot Sheet
Join SI Premium – FREE
Teledyne Technologies Incorporated (NYSE: TDY) announced it is unifying ChartWorld and Raymarine Commercial under a single commercial navigation brand called Raymarine Commercial, according to a company statement.
The consolidation will transition ChartWorld's commercial navigation solutions and services into the Raymarine Commercial brand. ChartWorld was acquired by Teledyne in 2023 and provides digital navigation, ECDIS, and managed service capabilities to the commercial shipping sector.
"Bringing ChartWorld and Raymarine Commercial together under one unified brand is a clear example of how Teledyne integrates strategic acquisitions to strengthen our core business," said Grégoire Outters, President of Teledyne Marine Group.
The unified brand will combine ChartWorld's software capabilities and service infrastructure with Raymarine's marine hardware technology, including IMO-approved marine radar and ECDIS navigation systems. The integration creates a navigation offering that spans ECDIS, radar, sensors, data services, and remote support.
Stephan Dimke, General Manager of ChartWorld, said the unification allows the combined organization to serve as a partner to customers navigating increasing vessel connectivity requirements.
The consolidation occurs as the maritime industry prepares to adopt the S-100 universal hydrographic data model for electronic navigation. Teledyne operates primarily in the United States, United Kingdom, Canada, and Western and Northern Europe, providing digital imaging products, instrumentation, aerospace and defense electronics, and engineered systems.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- A.O. Smith executive chairman to retire, CEO to assume chairman role
- Comfort Systems USA names new COO and Chief Strategy Officer
- BuzzFeed sells shares to Byron Allen affiliate for $5.8 million
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
S1, Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share