Add-on Acquisition • Business Services

UL Solutions Acquires BatterieIngenieure

On May 22, 2024, UL Solutions acquired business services company BatterieIngenieure

Acquisition Context

This is UL Solutions’ 3rd transaction in the Business Services sector.
This is UL Solutions’ 2nd transaction in Germany.

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M&A Deal Summary
Date	May 22, 2024
Target	BatterieIngenieure
Sector	Business Services
Buyer(s)	UL Solutions
Deal Type	Add-on Acquisition

Target Company

BatterieIngenieure

Aachen, Germany

BatterieIngenieure is a battery-testing company that provides comprehensive testing, simulation, and failure analysis of battery technologies, with distinctive expertise in battery life expectancy estimation. Founded in 2015, BatterieIngenieure operates a laboratory in Aachen and has an office in Bilbao, Spain.

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Buyer Overview 1

Buyer

UL Solutions

Northbrook, Illinois, United States

Category	Company
Founded	1894
Sector	Business Services

DESCRIPTION

UL Solutions is a provider of testing, inspection and certification services. UL Solutions was founded in 1894 and is based in Northbrook, Illinois.

Deal Context for Buyer	#
Overall	5 of 5
Sector: Business Services	3 of 3
Type: Add-on Acquisition	5 of 5
Country: Germany	2 of 2
Year: 2024	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2023-08-22	CERE Madrid, Spain CERE is a third-party testing, simulation and certification body company focusing on renewable energy, industrial, machinery and electrical and electronic products. CERE was formed in 2015 and is based in Madrid, Spain.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2023-08-22

CERE

Madrid, Spain

CERE is a third-party testing, simulation and certification body company focusing on renewable energy, industrial, machinery and electrical and electronic products. CERE was formed in 2015 and is based in Madrid, Spain.

Buy

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