UL Solutions Enhances Global Impact with Acquisition of TesTneT, Advancing Hydrogen Technologies
Key Ideas
- UL Solutions Inc. has acquired TesTneT Engineering GmbH, a Germany-based hydrogen testing company, to strengthen its position in the hydrogen industry and advance the adoption of hydrogen-powered technologies globally.
- TesTneT, with headquarters in Germany and a location in Canada, brings advanced testing capabilities for hydrogen storage systems and components, enhancing UL Solutions' expertise in alternative fuels.
- The acquisition emphasizes the importance of hydrogen in the transition to low-carbon transportation and energy systems, offering UL Solutions the opportunity to collaborate with customers to drive the safe adoption of hydrogen technologies.
- UL Solutions aims to leverage TesTneT's scientific expertise and commitment to safety to expand its capacity and capabilities in new markets, with a focus on promoting sustainable energy solutions.
UL Solutions Inc., a global leader in applied safety science, has acquired TesTneT Engineering GmbH, a Germany-based company specializing in hydrogen component and system testing. This acquisition is aimed at advancing the adoption of hydrogen-powered technologies worldwide and strengthening UL Solutions' position in the hydrogen industry. TesTneT, founded in 2009 with headquarters near Munich and a second location in Vancouver, offers comprehensive testing services for hydrogen storage systems, refueling stations, and their components. The acquisition enables UL Solutions to benefit from TesTneT's advanced testing capabilities and deep understanding of customer challenges in the automotive sector and with original equipment manufacturers. The move highlights the critical role of hydrogen in transitioning to low-carbon transportation and energy systems. UL Solutions plans to collaborate with customers to promote the safe integration of hydrogen technologies globally. Dr. Marius Herr, CEO of TesTneT, expressed enthusiasm about joining UL Solutions and expanding their capacity and capabilities in new markets. The transaction closed on July 8, 2024, signifying a strategic step towards enhancing global decarbonization efforts through the advancement of hydrogen technologies.