ACHRNEWS

June 15, 2011: UL Expands Capabilities With the Acquisition of Springboard Engineering

June 15, 2011

NORTHBROOK, Ill., and NEWTON, Iowa - UL, a leader in safety and product testing and certification, announced a definitive agreement whereby UL will acquire the assets of Newton, Iowa-based Springboard Engineering Inc., a leading product performance, Energy Star®, reliability testing, 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 efficient products.”

Springboard Engineering will become part of UL’s Verification Services business, and the company will continue to be headquartered in Newton, Iowa. Jordan Bruntz will remain in his role as the president of Springboard Engineering.

For more information, visit http://ul.com.

Publication date: 06/13/2011