PR98059

NORTHBROOK, Ill., Sept. 28, 2022 /PRNewswire=KYODO JBN/ --

-- This acquisition empowers UL Solutions to help wire and cable customers

optimize their product development and manufacturing processes while enhancing

product safety and compliance.

UL Solutions, a global leader in applied safety science, today announced its

acquisition of Cimteq Limited ("Cimteq"), a leading design support and

manufacturing software provider for the global wire and cable manufacturing

industry based in the U.K.

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"Emerging technologies within smart cities, Industry 4.0, mobility and

communications industries all rely on wire and cable to serve as the delivery

backbone for new service offerings," said Jennifer Scanlon, president and CEO,

UL Solutions Inc. "We are confident the acquisition of Cimteq allows us to help

wire and cable customers continue to evolve and succeed as these technologies

introduce new challenges and opportunities."

The acquisition of Cimteq strengthens UL Solutions' software capabilities to

better serve small and large wire and cable customers across the product life

cycle. Powered by state-of-the-art technology, Cimteq's innovative

enterprise-level software enables manufacturers across the globe to be more

efficient through improved productivity and streamlining of product development

and manufacturing processes.

Cimteq's technology also helps simplify the complex management of cable design

data, from the initial concept to delivering a full bill-of-materials directly

to enterprise resource planning systems. With Cimteq software, UL Solutions is

now able to provide wire and cable manufacturers tools to effectively plan,

manage and control every aspect of the development and manufacturing process by

utilizing the latest industrial Internet of Things (IoT) technology to optimize

cable manufacturing operations.

"Process excellence throughout the research and development cycle is

increasingly crucial to safe product deployment, especially as the complexity

of design requirements increases," said Weifang Zhou, executive vice president

and president of Testing, Inspection and Certification, UL Solutions. "Cimteq

will enable UL Solutions to help customers optimize operations while enhancing

product safety and compliance."

"Cimteq was founded to develop software solutions for the wire and cable

industry and help manufacturers achieve their digital transformation ambitions

while developing safe and compliant products," said Michael Braddock CEO of

Cimteq. "We share UL Solutions' mission-centric safety culture and are proud to

join them to help advance innovations for the wire and cable industry."

Cimteq was co-founded in 1998 by software industry veterans Ali and Amanda

Shehab and is headquartered in Wrexham, Wales, approximately 35 miles south of

Liverpool in the United Kingdom. In 2018, Cimteq received an equity investment

from listed private equity and infrastructure investment manager, Foresight

Group.

The transaction closed on September 9, 2022.

About UL Solutions  

A global leader in applied safety science, UL Solutions transforms safety,

security and sustainability challenges into opportunities for customers in more

than 100 countries. UL Solutions delivers testing, inspection and certification

services, together with software products and advisory offerings, that support

our customers' product innovation and business growth. The UL Certification

Marks serve as a recognized symbol of trust in our customers' products and

reflect an unwavering commitment to advancing our safety mission. We help our

customers innovate, launch new products and services, navigate global markets

and complex supply chains and grow sustainably and responsibly into the future.

Our science is your advantage.

UL Solutions offers a broad portfolio of services to companies. UL Solutions

maintains separate legal entities for conformity assessment and consultancy

services and has processes in place to identify and mitigate potential

conflicts of interest and maintain impartiality.

Press contact:

Amy Patti

UL Solutions

ULNews@UL.com

1+847.664.8480

SOURCE UL Solutions