UL Solutions Acquires Cimteq Limited
Summary
NORTHBROOK, Ill., Sept. 12, 2022 /PRNewswire/ -- 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. "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. Cimteqs 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. 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. 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.