CARIS To Be Acquired by Teledyne

CARIS, a Fredericton company that has developed over 37 years into a leading producer of marine mapping software, has agreed to be acquired by Teledyne Technologies Inc. for an undisclosed price.
The companies said in a statement that the deal is expected to close by the end of June. In joining Teledyne’s digital imaging segment, CARIS will remain in Fredericton and expand its advanced software