Harold Ante's questions to UL Solutions Inc (ULS) leadership • Q3 2024
Question
Harold Ante asked about the M&A strategy, including target segments and valuation frameworks, and requested a performance update on the new labs in Korea and Auburn Hills relative to initial expectations.
Answer
President and CEO Jennifer Scanlon outlined an M&A strategy focused on acquiring unique IP, like TesTneT's hydrogen expertise, to complement their primary focus on organic growth. She confirmed that the new labs in Korea and Auburn Hills are performing as expected, fulfilling the backlog that was established prior to investment, in line with the company's capital deployment philosophy.