UL Solutions Acquires Germany-Based Hydrogen Testing Company TesTneT
July 09 2024 - 8:00AM
Business Wire
This acquisition enables UL Solutions to help advance the
adoption of hydrogen-powered technologies globally.
UL Solutions Inc. (NYSE: ULS), a global leader in applied safety
science, today announced the acquisition of TesTneT Engineering
GmbH, 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.
With headquarters outside Munich and a second location near
Vancouver, Canada, TesTneT has a strong global customer base that
includes the automotive sector and top-tier original equipment
manufacturers of hydrogen components and systems.
Hydrogen plays a critical role in the transition to low-carbon
transportation and energy systems. The acquisition strengthens UL
Solutions’ position in the hydrogen industry, adding TesTneT’s
advanced testing capabilities and capacity and its deep
understanding of customer challenges.
“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,” said Jennifer
Scanlon, president and CEO of UL Solutions. “The addition of
TesTneT will enable us to better collaborate with our customers to
help advance the safe adoption of hydrogen-powered technologies
globally.”
Founded in 2009, TesTneT provides comprehensive testing services
for various hydrogen storage systems, refueling stations and their
components. It conducts hydraulic tests, destructive testing,
materials testing and customized testing of storage tanks.
“TesTneT’s extensive scientific expertise, steadfast dedication
to safety and deep commitment to strong customer relationships make
the company an ideal fit for UL Solutions,” said Dr. Marius Herr,
CEO and a co-founder of TesTneT. “We look forward to expanding our
capacity and capabilities in new markets, and we proudly join the
organization’s 15,000 employees working for a safer world.”
The transaction closed on July 8, 2024. Terms of the transaction
are not being disclosed at this time.
About UL Solutions
A global leader in applied safety science, UL Solutions (NYSE:
ULS) transforms safety, security and sustainability challenges into
opportunities for customers in more than 110 countries. UL
Solutions delivers testing, inspection and certification services,
together with software products and advisory offerings, that
support our customers’ product innovation and business growth. The
UL Mark serves as a recognized symbol of trust in our customers’
products and reflects an unwavering commitment to advancing our
safety mission. 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. Our science
is your advantage.
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