UL Solutions (NYSE:ULS), a Northbrook, IL-based company which specializes in applied safety science, acquired BatterieIngenieure, a battery testing company based in Aachen, Germany.
The amount of the deal was not disclosed.
The acquisition augments UL Solutions’ global battery testing footprint with a laboratory in Europe.
BatterieIngenieure provides comprehensive testing, simulation and failure analysis of battery technologies, with distinctive expertise in battery life expectancy estimation. The company employs more than 50 people, including leading battery researchers.
Led by President and CEO Jennifer Scanlon, UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support its customers’ product innovation and business growth.
The acquisition complements other UL Solutions battery testing capabilities and facilities, including its E-Mobility and Energy Laboratory in Changzhou, China; the Korea Advanced Battery Laboratory in Pyeongtaek, South Korea; and the North America Advanced Battery Laboratory under construction in Auburn Hills, Michigan.
FinSMEs
23/05/2024