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Announced

Completed

UL to acquire Method Park.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Private

Friendly

Germany

Acquisition

Majority

Cross Border

process engineering

Completed

Single Bidder

testing inspection and certification

Synopsis

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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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