Raymarine parent Teledyne Technologies yesterday announced that it acquired Cyprus-based ChartWorld, a provider of digital navigation software and hardware distributed through a subscription-based model.
ChartWorld provides electronic navigational charts and other geospatial software and services, including digital route appraisal and voyage planning, and onshore software for fleet monitoring and risk assessment.
“ChartWorld’s maritime navigation software and hardware tools bridge a product and technology gap between our Teledyne Marine and Raymarine businesses,” Teledyne chairman, president and CEO Robert Mehrabian said in a statement. “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.”
