Teledyne Acquires Maretron
THOUSAND OAKS, Calif. – July 1, 2025 – Teledyne Technologies Incorporated (NYSE:TDY) announced today the acquisition of assets of Maretron, including the brand’s Octoplex, MPower and MConnect product lines from Littelfuse, Inc. (NASDAQ:LFUS). The purchase will allow Teledyne’s Raymarine business to deliver deeper integration and automation for boat builders as a one-stop-shop, greatly expand product functionality for consumers, and create new and exciting business opportunities for Raymarine and its partners. Raymarine intends to maintain Maretron’s trade name and product lines to ensure a seamless transition for existing Maretron customers.
“One of our strategic pillars is to provide customers with the best integration options in the industry, and Maretron strengthens our offering to the market,” said Grégoire Outters, Vice President and General Manager of Teledyne FLIR Maritime and Raymarine. “By incorporating Maretron’s award-winning products into the Raymarine portfolio, we will create a better experience for our customers.”
The addition of Maretron products and engineering expertise expands Raymarine’s leading position as a vessel automation solution provider to boat builders and system integrators. The acquisition also includes Maretron’s Florida office location, allowing both Raymarine and Maretron to continue to serve the strategic United States Southeast boating market.
The acquisition of Maretron represents Teledyne’s eleventh corporate carve-out transaction and second carve-out completed in 2025.
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I’m thinking this is very good news for Maretron. Littelfuse wasn’t a great fit for Maretron. Teledyne should be a much better fit and Maretron nicely augments Teledyne/Raymarine product offerings in several critical areas including sensors and digital switchiing. I can’t help but also wonder what will happen with MConnect. I’m midway through some testing on it and impressed with what Maretron has built.
-Ben S.
We are slowly moving toward a market that is not only dominated by 3 groups (Ray, Navico, Garmin), and where all of them offer the entire palette of boat electrics and electronics. The next thing that will happen then is that there is no interoperability anymore, i.e. Ray MFDs will only work with Ray switches. Of course N2K and Onenet are here to prevent this from happening, but as soon as all of the big groups are able to offer significant horizontal integration, motivation for contributing to standardisation might cool off. You guys obviously have far more insights into the market, so I would value your views here. For example, how is Onenet coming along? This has been talked about for nearly a decade, and yet I do not see anything being offered.