UL Solutions, a global leader in applied safety science, announced today that it has acquired Cimteq Limited (“Cimteq”), a leading provider of design support and manufacturing software for the global wire and cable industry based in the UK.
“Emerging technologies in smart cities, Industry 4.0, mobility and communications all rely on wires to serve as the backbone for new service offerings,” said Jennifer Scanlon , President and CEO of UL Solutions Inc. “We believe that the Acquiring Cimteq allows us to help customers in the wire and cable industry to thrive and thrive, as these technologies bring new challenges as well as new opportunities.”
The acquisition of Cimteq strengthens UL Solutions’ software capabilities to better serve small and large wire and cable customers throughout the product lifecycle. Cimteq’s innovative enterprise software, based on cutting-edge technology, enables manufacturers around the world to work more efficiently through improved productivity and streamlining of product development and manufacturing processes.
Cimteq’s technology also helps streamline the complex management of cable design data, from initial concept to delivery of a complete BOM directly to enterprise resource planning systems. With Cimteq software, UL Solutions is now able to provide wire and cable manufacturers with tools to effectively plan, manage and control every aspect of the design and manufacturing process by enabling the latest Industrial Internet of Things ( Leverage IoT) technology to streamline cable manufacturing.
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“Excellent processes throughout the research and development cycle are increasingly important for the safe launch of products, especially as design requirements increase in complexity,” said Weifang Zhou , executive vice president and president of Testing, Inspection and Certification at UL Solutions. “Cimteq will Giving UL Solutions the ability to help customers streamline operations while improving product safety and compliance.”
“Cimteq was founded to develop software solutions for the wire and cable industry and to help manufacturers achieve their digital transformation ambitions while developing safe and standards-compliant products,” said Michael Braddock , CEO of Cimteq . “We share UL Solutions’ mission-driven safety culture and proud to partner with the company to drive innovation in the wire and cable industry.”
Co-founded in 1998 by software industry veterans Ali and Amanda Shehab , Cimteq is headquartered in Wrexham, Wales , approximately 55 km south of Liverpool in the United Kingdom. In 2018, Cimteq received an equity investment from publicly traded private equity and infrastructure investment manager Foresight Group.
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