-- 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