Safeware Quasar sold to UL

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. Initium acted as lead advisor to the shareholders of Safeware Quasar.

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.