Teledyne, owner of Raymarine, has announced the acquisition of ChartWorld, a provider of digital marine navigation hardware and software under the ChartWorld and SevenCs brands.
Headquartered in Cyprus, with additional locations in Hamburg, Singapore, Vancouver and Tokyo, ChartWorld employs a workforce of 145 people delivering ECDIS and other software and services to maritime clients.
The SevenCs brand also supplies other navigation system OEMs with ENC production and distribution software and with software development kits for the display of ENCs, with Teledyne’s CARIS and Raymarine divisions both having existing long-term relationships with that part of the business.
“We were impressed with the approach from Teledyne from the beginning and are confident the complementary product lines, technology, and vision will be fantastic for the ChartWorld and SevenCs brands,” said Steven Schootbrugge CEO of ChartWorld.
“Beyond this, I am genuinely excited for our people, who, I believe, will have ample opportunity for growth and development inside the Teledyne group.”
Teledyne’s group companies provide a range of digital imaging products and software, instrumentation, aerospace and defence electronics, and engineered systems, operating primarily in the United States, Canada, the UK and Europe.
“I’m personally delighted with this acquisition and the opportunity this will create for our maritime business. We have a long-term strategy for Raymarine to be an even stronger player in the marine industry. The acquisition of ChartWorld will help to provide us with the key technologies and organisation to be successful,” said Edwin Roks, Teledyne Executive Vice President.