UL Solutions Acquires Cimteq Ltd from Foresight Group

September 15, 2022

UL Solutions has acquired Cimteq Ltd, a Wrexham-based cable design and manufacturing software specialist, from Foresight Group. Financial terms were not disclosed; Cimteq — which grew from 18 to around 40 employees under Foresight’s ownership — will join UL Solutions to strengthen its software capabilities for the global wire and cable manufacturing market.

Buyers
UL Solutions
Targets
Cimteq Ltd
Sellers
Foresight Group
Industry
Software
Location
Wales, United Kingdom
Transaction Type
Buyout

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