Announced
Completed
Financials
Tags
Software
Private
Friendly
Germany
Acquisition
Majority
Cross Border
process engineering
Completed
Single Bidder
testing inspection and certification
Synopsis
Underwriters Laboratories, the global safety science firm, agreed to acquire Method Park, a German-based process engineering, software solutions provider. Financial terms were not disclosed. "Helping ensure their safe and secure deployment will be key in how quickly these innovations are adopted. The Method Park acquisition will build upon on UL's science-based core expertise in testing, inspection and certification and help address the safety risks of exciting innovative technologies. Together, we will empower our customers with the ability to embrace new opportunities," Jennifer Scanlon, UL President and CEO.
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