UL Solutions, a Northrook, IL-based firm centered on utilized security science, acquired Cimteq, a UK-based supplier of design assist and manufacturing software program.
The quantity of the deal was not disclosed.
The acquisition of Cimteq strengthens UL Options’ software program capabilities to higher serve small and huge wire and cable prospects throughout the product life cycle. Powered by state-of-the-art expertise, Cimteq’s enterprise-level software program permits producers throughout the globe to be extra environment friendly via improved productiveness and streamlining of product improvement and manufacturing processes. Cimteq’s expertise additionally helps simplify the complicated administration of cable design information, from the preliminary idea to delivering a full bill-of-materials on to enterprise useful resource planning methods. With Cimteq software program, UL Options is now in a position to present wire and cable producers instruments to successfully plan, handle and management each facet of the event and manufacturing course of by using the most recent industrial Web of Issues (IoT) expertise to optimize cable manufacturing operations.
Cimteq was co-founded in 1998 by software program trade veterans Ali and Amanda Shehab and is headquartered in Wrexham, Wales, roughly 35 miles south of Liverpool within the United Kingdom. In 2018, Cimteq acquired an fairness funding from listed personal fairness and infrastructure funding supervisor, Foresight Group. The corporate is led by CEO Michael Braddock.
Cimteq gives expertise that permits the administration of cable design information, from the preliminary idea to delivering a full bill-of-materials on to enterprise useful resource planning methods.
Led by CEO and President Jennifer Scanlon, UL Options transforms security, safety and sustainability challenges into alternatives for patrons in additional than 100 international locations. The corporate delivers testing, inspection and certification companies, along with software program merchandise and advisory choices, that assist their prospects’ product innovation and enterprise progress.