Carlsquare advised the shareholders of German-based Method Park, a company specialising in process engineering, software solutions, training and advisory services focusing on the safety critical aspects of the automotive, medical and aerospace industries, on the sale to US-based Underwriters Laboratories (UL), the global safety science leader. The deal fortifies UL’s expertise to help customers advance innovation safety, business transformation, and regulatory and standards compliance.
Specialising in complex process-based product engineering, Method Park’s portfolio includes advisory services, a digital compliance software solution, a comprehensive training portfolio and software solutions for multiple industries. Founded in 2001, the company has also provided insight to customers on process optimisation and quality assurance management. Headquartered in the Bavarian city of Erlangen, Method Park has offices throughout Germany, America, and China. With the acquisition, Method Park’s 200+ employees will join UL to focus on innovative solutions to complex safety and security issues affecting multiple industries.
“With accelerating technology in safety critical industries, such as automotive and medical devices, the introduction of innovative technologies that provide enhanced convenience also presents new challenges,” said Jennifer Scanlon, president and CEO, UL Inc. “Helping ensure their safe and secure deployment will be key in how quickly these innovations are adopted. The Method Park acquisition will build upon on UL’s science-based core expertise in testing, inspection and certification and help address the safety risks of exciting innovative technologies. Together, we will empower our customers with the ability to embrace new opportunities.”
“We are excited to join forces with UL,” said Professor Bernd Hindel, founder and CEO of Method Park. “As a combined team, we will offer our customers best-in-class services that will help them get to market faster and more efficiently. Our group’s shared reputation will allow us to significantly accelerate customer access to a broader range of complementary solutions and expertise, extend services across global markets and help deliver on the promise for a safer and more secure world.’’
Carlsquare acted as the exclusive financial advisor to the shareholders of Method Park.
