Teledyne Raymarine Acquires Maretron Assets to Boost Marine Automation

Teledyne Technologies Incorporated (NYSE:TDY) is one of the best manufacturing stocks to buy according to hedge funds. On July 1, Teledyne Technologies announced its acquisition of assets from Maretron, which included its Octoplex, MPower, and MConnect product lines, from Littelfuse Inc. (NASDAQ:LFUS).

The acquisition enhances Teledyne’s Raymarine business by offering deeper integration and automation for boat builders and expanding product functionality for consumers while creating new business opportunities for Raymarine and its partners.

Teledyne Raymarine Acquires Maretron Assets to Boost Marine Automation

A technician in a lab coat calibrating advanced electronic components.

The acquisition also includes Maretron’s Florida office, allowing both Raymarine and Maretron to continue serving the strategic US Southeast boating market. This marks Teledyne’s 11th corporate carve-out transaction and its 2nd carve-out completed in 2025.

Teledyne Technologies Incorporated (NYSE:TDY) provides enabling technologies for industrial growth markets in the US and internationally. Raymarine is a part of Teledyne that specializes in high-performance marine electronics. Littelfuse Inc. (NASDAQ:LFUS) designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, the Asia-Pacific, and Europe.

While we acknowledge the potential of TDY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TDY and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.