UL Solutions to Buy Eurofins E&E Unit in $670 Million Deal
The safety-science firm said the asset purchase will expand its global laboratory footprint and testing, inspection and certification services for electrical safety and connected products.
UL Solutions Inc. (ULS) agreed to buy the electrical and electronics business of Eurofins Scientific SE, including the MET Labs certification mark, in an asset purchase valued at an enterprise value of approximately €575 million, or about $670 million.
The global leader in applied safety science said the transaction is intended to expand its testing, inspection and certification (TIC) business for electrical safety and connected products and to add a global infrastructure of complementary electrical testing and certification services.
Eurofins’ E&E business provides testing, compliance and certification services, including global market access for electromagnetic compatibility and wireless testing, electrical safety, medical devices and other technologies. UL Solutions said the deal is expected to extend capabilities in key geographies, including EMEA and Asia-Pacific, and help drive continued growth in the Consumer segment.
President and CEO Jennifer Scanlon said the company is “thrilled to welcome our new colleagues to UL Solutions” and that the acquisition “extends our 132-year commitment to our mission of working for a safer world.”
In April, Scanlon said the company’s technical talent, global accreditations and service portfolio differentiate it, and that a strong balance sheet helps it extend capabilities globally. She said the transaction “fits our ambition to be the acquirer of choice” and that megatrends in digitization and global product compliance for increasingly connected products are expected to continue to accelerate.
UL Solutions said it expects to fund the purchase with cash on hand, including proceeds from the sale of its Employee Health and Safety software business, and available capacity on its undrawn credit facility. About 45% of the purchase price is anticipated to be funded through portfolio management activities, aligned with a strategy of focusing the portfolio on TIC and Risk & Compliance software capabilities.
The company also entered a definitive agreement on April 27, 2026, to sell its approximately 28% shareholding in DQS Holding GmbH, a global management system assessment company headquartered in Germany, for approximately €105 million in cash, subject to customary post-closing adjustments and a portion held in escrow. The DQS sale is expected to be completed in the second half of 2026.
The Eurofins E&E transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including applicable regulatory approvals.