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THOUSAND OAKS, Calif. - Teledyne Technologies Incorporated (NYSE:TDY) announced Tuesday it has acquired the assets of Maretron from Littelfuse, Inc. (NASDAQ:LFUS), a $5.7 billion market cap company with $2.2 billion in annual revenue, including the brand’s Octoplex, MPower and MConnect product lines.
The acquisition will enable Teledyne’s Raymarine business to provide deeper integration and automation solutions for boat builders while expanding product functionality for consumers. Raymarine plans to maintain the Maretron trade name and product lines to ensure continuity for existing customers. According to InvestingPro data, Littelfuse maintains strong financial health with a current ratio of 3.88, indicating robust operational stability during this transition.
"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, in a press release statement.
The deal bolsters Raymarine’s position as a vessel automation solution provider to boat builders and system integrators. The acquisition includes Maretron’s Florida office, allowing both companies to continue serving the U.S. Southeast boating market.
This transaction marks Teledyne’s eleventh corporate carve-out and second completed in 2025. Financial terms of the acquisition were not disclosed. For deeper insights into Littelfuse’s financial health and 8 additional exclusive ProTips, including its 15-year dividend growth streak, visit InvestingPro.
Teledyne Technologies is a provider of digital imaging products, instrumentation, aerospace and defense electronics, and engineered systems. Raymarine specializes in marine electronics with a focus on navigation technology.
In other recent news, Littelfuse Inc. reported strong financial results for the first quarter of 2025, with earnings per share (EPS) of $2.19, surpassing the projected $2.11. The company also exceeded revenue expectations, reporting $554 million against a forecasted $540.97 million. Oppenheimer revised Littelfuse’s stock price target to $275 from $310, maintaining an Outperform rating, following the company’s robust earnings performance. The earnings beat was driven by significant outperformance in the Electronics and Industrial segments. Littelfuse provided guidance for the second quarter of 2025, forecasting sales between $565 million and $595 million, with an EPS range of $2.10 to $2.40. The company highlighted its strategic efforts to mitigate potential earnings impacts from tariffs and maintain strong operational performance. Despite uncertainties in automotive and personal electronics demand, Littelfuse’s diversified portfolio and global presence position it well to navigate market challenges.
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