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Investing.com -- Littelfuse Inc (NASDAQ:LFUS) stock rose 3% after the company sold its Maretron business assets to Teledyne Technologies Incorporated (NYSE:TDY).
The transaction includes Maretron’s Octoplex, MPower, and MConnect product lines, which will now be integrated into Teledyne’s Raymarine business. Teledyne plans to maintain the Maretron trade name and product lines to ensure a smooth transition for existing customers.
"By incorporating Maretron’s award-winning products into the Raymarine portfolio, we will create a better experience for our customers," said Grégoire Outters, Vice President and General Manager of Teledyne FLIR Maritime and Raymarine.
The acquisition also includes Maretron’s Florida office location, which will allow both Raymarine and Maretron to continue serving the United States Southeast boating market.
For Teledyne, this represents its eleventh corporate carve-out transaction and second carve-out completed in 2025. The acquisition is expected to strengthen Raymarine’s position as a vessel automation solution provider to boat builders and system integrators.
Financial terms of the transaction were not disclosed.
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