Analysis
UL acquires RFI Global Services Ltd
Underwriters Laboratories Inc. (UL), a global leader in safety testing and certification, announced today that it has acquired RFI Global Services Ltd., a leading provider of testing, approval and consultancy services to the global technology market, including data security, cellular, wireless and smart card technologies. The company is a market leader in testing and certifying new generations of payment devices, including contactless cards and terminals as well as broader mobile payment systems. RFI Global will be integrated into UL's Verification Services business, which provides performance testing, inspection and auditing for product manufacturers and retailers worldwide.
ThisHeadquartered in Basingstoke, near London, RFI Global will operate under the name, RFI Global, a UL Company, and current management will report directly to UL Verification Services leadership.
This acquisition gives RFI Global the opportunity to be part of an organization with global reach, technical knowledge and brand reputation, said Stephen Kirk, CEO of RFI Global. UL and RFI Global have a long-standing relationship providing complementary services to customers. This acquisition strengthens our value proposition to our customer base and allows us to expand joint offerings on a much broader scale.
Expanded offerings as a result of the acquisition include EMC testing and software capabilities enabling companies to better track and manage global product approval processes.
Financial terms of the acquisition have not been disclosed.