Teledyne (Raymarine) Acquires ChartWorld International
THOUSAND OAKS, Calif. – January 3, 2023 – Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) announced today that it has acquired ChartWorld International Limited and affiliates (“ChartWorld”). ChartWorld, headquartered in Cyprus, with additional locations in Hamburg, Singapore, Vancouver and Tokyo, is a leading provider of digital marine navigation hardware and software provided through an affordable subscription-based model. Terms of the transactions were not disclosed.
Commercial maritime subscribers to ChartWorld’s software as a service (SaaS) receive free type-approved Electronic Chart Display and Information Systems (ECDIS), a lifetime warranty and global 24/7 support. ChartWorld also provides digital Electronic Navigational Charts (ENCs) and other geospatial software and services, including digital route appraisal and voyage planning, as well as onshore software for fleet monitoring and risk assessment.
ChartWorld affiliate, 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 electronic nautical charts in accordance with maritime standards to other navigation system OEMs.
“ChartWorld’s maritime navigation software and hardware tools bridge a product and technology gap between our Teledyne Marine and Raymarine businesses,” said Robert Mehrabian, Chairman, President, and Chief Executive Officer. “Furthermore, the acquisition adds to our software capabilities and recurring revenue, while expanding our customer base to include commercial Safety of Life at Sea (SOLAS) class vessels and their commercial fleet operators. We are pleased to have now completed our second acquisition for the Teledyne FLIR and Raymarine organizations in the last six months.”
Related Posts:
Panbo publishes select press releases as a service to readers and the marine electronics industry. The release contents do not reflect the opinion of the editors and are not fact checked by the editors
This looks like great news for Raymarine and its customers as until now the only electronic charts the company had guaranteed access to were their own Lighthouse versions for the U.S. and Canada, while the global Navionics and C-Map chart databases they traditionally supported have been acquired by their main competition in recent years.
Affirmation from Gregoire Outters — former manager of Raymarine, now manager of Teledyne-FLIR’s Maritime division:
“We are excited to welcome ChartWorld on board with Teledyne and Raymarine. ChartWorld brings their vast expertise in chart distribution and Electronics Chart Display and Information Systems (ECDIS) that will benefit our customers. Furthermore, this acquisition is a testimony to Teledyne’s investment in our Raymarine and FLIR Maritime brands.”
we have only just recieved lighthouse charts in australia. after a bit of a wait.. its.. okay.. but i am curious to see how this will increase. i do hope we dont see subscription based mapping. one time payment and ownership for life is what our clients want
Thanks Moose! Now I see that Ray already offers LightHouse charts for many regions besides North America or Australia:
https://chartstore.raymarine.com/lighthouse-charts/list-based-selector
Hopefully the new relationship with ChartWorld will help them fill in the gaps and make further improvements.
As for subscriptions, I doubt that any of the recreational chart suppliers will soon deviate from the current norm. In other words, we get to own the basic cartography for however long we dare use it but are “encouraged” to get a subscription for updates and extra goodies. Yes, my fingers are crossed 😉