About This Deal

TELEDYNE TECHNOLOGIES INC acquired ChartWorld International Limited for $53.5 million, structured as Cash, net of cash acquired.

ChartWorld International Limited operates in Digital Imaging, is based in Cyprus. Teledyne acquired ChartWorld International Limited and affiliates during the first quarter of 2023. Headquartered in Cyprus, with additional locations in Germany, Singapore, Canada and Japan, ChartWorld is a provider of digital marine navigation hardware and software delivered through a subscription-based model.

Adds subscription-based digital marine navigation hardware and software to the Digital Imaging segment.

Deal Terms

Acquirer
TELEDYNE TECHNOLOGIES INC
Target
ChartWorld International Limited
Value
$53.5 million
Date
Not disclosed
Type
Acquisition
Status
Ready

Transaction Details

Target HQ
Cyprus
Segment
Digital Imaging
Structure
Cash, net of cash acquired

In Their Words

During the first quarter of 2023, the Company acquired ChartWorld International Limited and affiliates ("ChartWorld") for approximately $53.5 million in cash, net of cash acquired, and subject to certain adjustments.Teledyne Technologies FY2023 Form 10-K, Note 3. Business Acquisitions

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: SEC filing ↗

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