UL Solutions Acquires Germany-Based Battery Testing and Simulation Company BatterieIngenieure
May 22 2024 - 7:30AM
Business Wire
Deal deepens UL Solutions’ global expertise in battery
performance testing and expands our global EV battery testing
footprint.
UL Solutions Inc. (NYSE:ULS), a global leader in applied safety
science, today announced our acquisition of BatterieIngenieure
GmbH, a battery testing company based in Aachen, Germany, with
expertise in specialized performance testing of cell, small modules
and battery systems used in electric vehicles and other
applications.
The acquisition augments UL Solutions’ global battery testing
footprint with a laboratory in Europe. BatterieIngenieure provides
comprehensive testing, simulation and failure analysis of battery
technologies, with distinctive expertise in battery life expectancy
estimation. The company employs more than 50 people, including
leading battery researchers.
“The global transition to sustainable energy has increased
demand for expertise in battery performance and safety testing,”
said Jennifer Scanlon, president and CEO of UL Solutions. “This
acquisition expands our capabilities and allows us to meet our
customers where they are, creating new business opportunities as we
pursue our mission of working for a safer world.”
Founded in 2015, BatterieIngenieure operates a laboratory in
Aachen and has an office in Bilbao, Spain. Prompted by increasing
demand for its services, the company is currently building a larger
laboratory in Aachen to replace the existing facility and add
testing and simulation capacity.
BatterieIngenieure has cultivated strong business relationships
with leading European automotive manufacturers and original
equipment manufacturers, and brings unique science and academic
credentials to UL Solutions. In addition to electric vehicles, the
cell, small modules and battery systems tested by
BatterieIngenieure are used in stationary energy storage systems
and other applications.
The acquisition complements other UL Solutions battery testing
capabilities and facilities, including our E-Mobility and Energy
Laboratory in Changzhou, China; the Korea Advanced Battery
Laboratory in Pyeongtaek, South Korea; and the North America
Advanced Battery Laboratory under construction in Auburn Hills,
Michigan.
“UL Solutions’ global testing, inspection and certification
capabilities for product safety and its significant investments
globally to support battery innovation make it the ideal partner
for our company,” said Dr. Dominik Schulte, managing director and a
founder of BatterieIngenieure. “Likewise, BatterieIngenieure will
contribute unique technical expertise, customer and industry
relationships, and expanded capacity to UL Solutions. We are
excited to join the organization’s more than 15,000 employees
working for a safer world.”
The transaction closed on May 22, 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 100 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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version on businesswire.com: https://www.businesswire.com/news/home/20240521327052/en/
Media contact: Kathy Fieweger Senior Vice President -
Communications Kathy.Fieweger@ul.com +1-312-852-5156
Investors: Dan Scott / Rodny Nacier, ICR Inc.
IR@ul.com
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