UL Solutions Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Jennifer F. Scanlon
- Full Time Employees
- 14,851
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- 333 Pfingsten Road Northbrook IL United States 60062
- IPO Date
- Apr 12, 2024
- CIK
- 0001901440
- Website
- ul.com
- Similar Companies
- Business
- UL Solutions Inc. operates as a global independent safety science company primarily engaged in testing, inspection, certification, auditing, validation, and advisory services. Its core products and services span a wide range of industries and include safety and performance testing for components and consumer products; certification services such as product safety and eco-labels including the ECOLOGO® certification; supply chain quality assurance; software products and advisory solutions aimed at regulatory compliance, environmental claims verification, and risk mitigation; and specialized services for sectors including banking, energy, medical, transportation, beauty and personal care, furniture, HVACR, lighting, wire and cable, and general merchandise. The company supports customers in demonstrating product safety, quality, durability, and sustainability, with operations in more than 110 countries. Founded in 1894 and headquartered in Northbrook, Illinois, UL Solutions recently underwent a strategic name change from UL Inc. to UL Solutions Inc. in June 2022 to better reflect its expanded offerings beyond traditional certification services. In the last 1-2 years, the company has made strategic acquisitions such as Method Park, kVA, and Kugler Maag Cie to enhance expertise in safety-critical systems, functional safety, and cybersecurity. It also completed the sale of its payments testing business in 2024 to focus on core safety science operations. Recent partnerships include a collaboration with Evnia to help companies manage Extended Producer Responsibility (EPR) and environmental compliance, and a deepened partnership with GCC Labs to advance fire safety testing in the Middle East. UL Solutions is also expanding its electromagnetic and wireless testing capabilities in Europe through a new laboratory. UL Solutions continues to innovate by integrating advanced software and advisory services focused on regulatory compliance, accelerating industrial metaverse adoption, and expanding its verification services into industrial manufacturing software and processes. It remains a leader in safety science with a strong emphasis on transforming safety, security, and sustainability challenges into business opportunities for its global client base, which ranges from manufacturers and original equipment manufacturers to regulatory bodies and end-market consumers. The company reported strong financial performance in recent periods with growth across its industrial, consumer, and software segments. UL Solutions is publicly traded on the New York Stock Exchange under the ticker ULS.
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