UL Solutions has entered into a definitive agreement to acquire the electrical and electronics (E&E) business of Eurofins Scientific SE, including the MET Labs certification mark, for an enterprise value of approximately €575 million (approximately $670 million). The acquisition is expected to close in Q4 2026, pending regulatory approvals.
The transaction significantly expands UL Solutions’ testing, inspection, and certification (TIC) capabilities for electrical safety, electromagnetic compatibility (EMC), wireless testing, medical devices, and connected products. Key geographic growth is anticipated in EMEA and Asia-Pacific, where the Eurofins E&E business provides complementary infrastructure and accreditations.
Eurofins’ E&E business is projected to generate approximately $200 million in revenue in 2026. The purchase price corresponds to approximately 14.5 times estimated 2026 EBITDA, inclusive of anticipated run-rate net cost synergies expected within three years of closing.
UL Solutions plans to fund the transaction through existing cash reserves and its revolving credit facility, with approximately 30% of the purchase price sourced from proceeds of its previously completed sale of its Employee Health and Safety software business, which closed April 1, 2026.
The acquisition supports UL Solutions’ strategic focus on TIC and Risk & Compliance software, and is expected to be accretive to Adjusted Diluted Earnings Per Share in the first full calendar year following close, excluding intangible amortization and integration costs. The deal is not expected to affect the company’s 2026 full-year organic revenue growth or Adjusted EBITDA margin outlook.
