Date: 25th May 2011
UL acquires Springboard Engineering
UL has announced a definitive agreement whereby UL will
acquire the assets of Newton, Iowa-based Springboard Engineering,
Inc., a leading performance, ENERGY STAR, reliability and
engineering advisory services company that was founded by
Maytag design engineers.
"This acquisition will enable UL to strengthen and
expand our capabilities to serve key customers in the HVAC,
Appliances, and Components segments and give us a comprehensive
suite of services to support global manufacturers,"
said Sajeev Jesudas, President, UL Verification Services.
"Springboard Engineering's experience and capabilities
will allow us to increase our safety and performance testing
capacity and expand our offerings in key growth markets
such as ENERGY STAR and smart appliances."
"Springboard Engineering and UL share complementary
offerings and we fully expect this will play a critical
role in deepening our relationships with our combined customers,"
said Jordan Bruntz, the president of Springboard Engineering.
"With our combined focus on safety, performance, energy
testing, and engineering services, together we can play
a key role in helping companies create safer and more energy
Upon completion of the transaction, Springboard Engineering
will become part of UL's Verification Services business.
Springboard Engineering will continue to be headquartered
in Newton, Iowa, after the deal closes at the end of May.
Jordan Bruntz will remain in his role as the President of