Teledyne Technologies Acquires Maretron to Enhance Raymarine's Vessel Automation Solutions
Reuters
Jul 02
Teledyne Technologies Acquires Maretron to Enhance Raymarine's Vessel Automation Solutions
Teledyne Technologies Incorporated has announced the acquisition of Maretron's assets, including the Octoplex, MPower, and MConnect product lines, from Littelfuse, Inc. This strategic acquisition will enhance Teledyne's Raymarine brand by offering deeper integration and automation solutions for boat builders, expanding product functionality for consumers, and opening new business opportunities. Raymarine plans to retain the Maretron trade name and its product lines, ensuring a smooth transition for existing customers. The acquisition also includes Maretron's office in Florida, strengthening Raymarine's presence in the U.S. Southeast boating market.
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