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Synopsis
UL Solutions, a applied safety science company, completed the acquisition of TesTneT, a Germany-based leader in hydrogen component and system testing, deepening our expertise in alternative fuels and enhancing our ability to impact global decarbonization efforts. Financial terms were not disclosed. “Hydrogen technology is increasingly important in the transition to sustainable energy, and as a global safety science leader in the energy transition, this is a promising field for us. The addition of TesTneT will enable us to better collaborate with our customers to help advance the safe adoption of hydrogen-powered technologies globally,” Jennifer Scanlon, UL Solutions President and CEO.
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