September 7, 2016
NORTHBROOK, Ill., Sept. 7, 2016 – UL, a global safety science leader, today announced the acquisition of Safeware Quasar, a market leader in chemical regulatory compliance software and consultancy solutions, to expand UL’s supply chain data management and global regulatory compliance expertise.
Safeware Quasar, a privately-held company based in Nottingham, U.K., is a recognized leader in developing and providing chemical compliance solutions to assist customers in meeting regulatory demands.
UL acquired Safeware to strengthen its ability to serve customers in Europe with leading compliance software and advisory services, extend supplier qualification offerings and enhance its safety data sheet distribution capabilities.
“Chemical regulatory compliance is a growing concern as consumers and regulators alike demand transparency and regulation of toxic chemicals,” said Carlos Correia, SVP and General Manager of Supply Chain and Sustainability for UL. “The combination of UL’s existing supply chain data management and global regulatory compliance services with Safeware will provide assurance to all stakeholders of the chemical value chain, and help clients keep up with an increasingly complex regulatory environment.”
UL and Safeware Quasar’s combined portfolio will help strengthen global relationships with key customers. In addition, Safeware will leverage UL’s global scale and resources to expand into new markets.
"Our clients will benefit from UL's global enhanced range of compliance products and services,” said Hazi Mistry, Managing Director of Safeware Quasar. “We look forward to continuing to work with our existing customers and are very excited by the acquisition."
Safeware Quasar’s employees will join UL and remain with the company. Safeware Quasar will be led by Hazi Mistry, Managing Director of Safeware, reporting up to Lou DeSorbo, UL Vice President and General Manager of Information and Insights. The transaction closed on August 31, 2016.
UL is a premier global independent safety science company that has championed progress for more than 120 years. Its more than 11,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain. For more information about our certification, testing, inspection, advisory and education services, visit http://www.UL.com.
About Safeware Quasar
Safeware Quasar was founded in 1988 and began trading as a chemical regulatory consultancy service provider. In 1993, Safeware Quasar launched its first expert chemical classification software solution to coincide with harmonization of EU regulations. The software and consultancy services established the company's expertise and set the standards for compliance within the EH&S sector. Since then, the company expand its range of products and services supporting retailers and manufacturers of chemical based products within the supply chain and further establishing itself as one of the leading global experts and EH&S software solution service providers.