Teledyne announced the acquisition of ChartWorld headquartered in Cyprus, with additional locations in Hamburg, Singapore, Vancouver and Tokyo. The company has 145 employees across those locations.
ChartWorld is a leading provider of digital marine navigation hardware and software through an affordable subscription-based model. The company has two different brands, ChartWorld and SevenCs.
ChartWorld deliver Electronics Chart Display and Information Systems (ECDIS) and other software and services to commercial marine and cruise clients.
SevenCs has a long and proud history of participation in the development of standards regarding electronic maritime chart display. Today, SevenCs continues to provide ENC production and distribution software, as well as software development kits for the display of ENCs to other navigation system OEMs.
Teledyne and SevenCs have a long collaboration history. Teledyne CARIS and SevenCs have been working together as industry pioneers in the development of ENC standards for three decades while Raymarine have started to embed SevenCs software into their displays.
Steven Schootbrugge CEO of ChartWorld says: “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.
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 is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.
Edwin Roks, Teledyne Executive Vice President comments: “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. This acquisition will provide us with the key technologies and organisation to be successful.”