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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