UL acquires Safeware Quasar
UL, a global safety science leader headquartered in Northbrook, Illinois, USA, has announced the acquisition of Safeware Quasar Limited, a UK-based market leader in chemical regulatory compliance software and consultancy solutions. The acquisition will help UL expand its supply chain data management and global regulatory compliance expertise. BCMS acted as lead advisor to the shareholders of Safeware Quasar, which completed in 2016.
Safeware Quasar, a privately held company based in Nottingham, is a specialist chemical EH&S regulatory compliance software and services provider. The company is a recognised leader in developing and providing chemical compliance solutions to assist customers in meeting regulatory demands.
UL, which employs more than 11,000 professionals in 40 countries, acquired Safeware Quasar to strengthen its ability to serve customers in Europe with leading compliance software and advisory services. In addition, UL will extend supplier qualification offerings and enhance its safety data sheet distribution capabilities.
UL and Safeware Quasar’s combined portfolio will help strengthen global relationships with key customers, and help UL expand into new markets. Safeware Quasar’s employees will join UL and remain with the company.
Carlos Correia, SVP and General Manager of Supply Chain and Sustainability for UL, said: “Chemical regulatory compliance is a growing concern as consumers and regulators alike demand transparency and regulation of toxic chemicals. The combination of UL’s existing supply chain data management and global regulatory compliance services with Safeware Quasar will provide assurance to all stakeholders of the chemical value chain, and help clients keep up with an increasingly complex regulatory environment.”
Hazi Mistry, Managing Director of Safeware Quasar, added: “Our clients will benefit from UL’s global enhanced range of compliance products and services. We look forward to continuing to work with our existing customers, and are very excited by the acquisition.”
BCMS Assistant Director Nick Lankester, who managed the transaction, commented: “This successful deal demonstrates how specialist privately owned UK companies, with market-leading characteristics, can attract interest from truly global players. UL was clearly the ideal acquirer for our client, and it was a pleasure to work alongside all parties on this transaction. I wish UL and the dedicated team at Safeware Quasar every success in the future.”