On July 9, 2024, UL Solutions Inc., a global leader in applied safety science, completed the acquisition of TesTneT Engineering GmbH, a Germany-based leader in hydrogen component and system testing, deepening its expertise in alternative fuels and enhancing its ability to impact global decarbonization efforts.

Terms of the transaction were not disclosed.

With headquarters outside Munich and a second location near Vancouver, Canada, TesTneT has a strong global customer base that includes the automotive sector and top-tier original equipment manufacturers of hydrogen components and systems.

BLG represented UL Solutions Inc. with a team led by Julie Bogle and Stefan Timms that included, Eliot Escalona and Claudia Wheeler (Corporate/M&A); Jacky Wong (Intellectual Property), Danielle Lewchuk and Robert Biggar (Tax); Avnit Dhaliwal and Justice Tuccaro (Real Estate); James Fu, Jennifer Fantini and Lisa Carlson (Benefits, Labour & Employment); Rick Williams, Emily Pitre and Roark Lewis (Environmental).