M&A Deal Summary

Teledyne Technologies Acquires ChartWorld

On January 3, 2023, Teledyne Technologies acquired business services company ChartWorld

Acquisition Highlights
  • This is Teledyne Technologies’ 1st transaction in the Business Services sector.
  • This is Teledyne Technologies’ 1st transaction in Cyprus.
  • This is Teledyne Technologies’ 1st transaction in Texas.

M&A Deal Summary

Date 2023-01-03
Target ChartWorld
Sector Business Services
Buyer(s) Teledyne Technologies
Deal Type Add-on Acquisition

Target

ChartWorld

Limassol, Texas, Cyprus
ChartWorld is a provider of digital marine navigation hardware and software provided through an affordable subscription-based model. Commercial maritime subscribers to the company'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. It 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 is based in Limassol, Cyprus.

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Buyer(S) 1

Buyer

Teledyne Technologies

Thousand Oaks, California, United States

Category Company
Founded 1960
Sector Test/Measurement Equipment
Employees14,900
Revenue 5.7B USD (2024)
DESCRIPTION
Entrance to Teledyne's corporate campus in Thousand Oaks, California.
Entrance to Teledyne's corporate campus in Thousand Oaks, California.

Teledyne Technologies provides enabling technologies for deepwater oil and gas exploration and production, oceanographic research, air and water quality environmental monitoring, electronics design and development, factory automation, and medical imaging markets. The Company's products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, digital imaging sensors and cameras, aircraft information management systems, and defense electronic and satellite communication subsystems. Teledyne also supplies engineered systems for defense, space, environmental and energy applications. Teledyne Technologies was founded in 1960 and is based in Thousand Oaks, California.


DEAL STATS #
Overall 44 of 49
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 34 of 37
State: Texas M&A 1 of 1
Country: Cyprus M&A 1 of 1
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 ETM-Electromatic

Newark, California, United States

ETM-Electromatic designs and manufactures high-power microwave and high-energy X-ray subsystems for cancer radiotherapy, defense and X-ray security applications. ETM-Electromatic was founded in 1973 and is based in Newark, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 Xena Networks

Lyngby, Denmark

Xena Networks is a provider of high-speed Terabit Ethernet validation, quality assurance, and production test solutions. Xena Networks was founded in 2007 and is based in Lyngby, Denmark.

Buy -