UL Solutions completes purchase of Eurofins' electrical testing arm
The deal, agreed in April at an enterprise value of about €575 million, closed on October 1 and adds labs and accreditations across EMEA, Asia and the United States
Published
UL Solutions said it has completed its acquisition of the electrical and electronics testing business of Eurofins Scientific SE, effective October 1, 2026. The business adds laboratories and accreditations across EMEA, Asia and the United States to UL Solutions' testing, inspection and certification network.
President and chief executive Jennifer Scanlon said the deal "extends our 132-year commitment to our mission of working for a safer world."
UL Solutions first agreed to buy the business on April 13, 2026, at an enterprise value of about €575 million, or roughly $670 million, according to a UL Solutions regulatory filing. That filing put the unit's expected 2026 revenue at about $200 million and the price at about 14.5 times estimated 2026 EBITDA, including cost savings UL Solutions expects to capture within three years. The agreement included the MET Labs certification mark and used a locked-box pricing structure dated from September 1, 2025, according to TipRanks. A separate filing said UL Solutions planned to fund the purchase with cash on hand and its revolving credit facility, with about 30% of the price coming from proceeds of its April 2026 sale of its Employee Health and Safety software unit, a deal that closed at a preliminary price of about $202 million. Panabee reported the agreement also carried a break fee of €34.5 million, payable by UL Solutions if the deal failed to close by October 13, 2027.
The acquisition folds a rival's electrical and electronics testing labs into UL Solutions' network, extending its reach across Europe, Asia and the United States rather than building that footprint from scratch. Testing, inspection and certification has been consolidating as manufacturers push more products through safety and compliance checks for export markets, and absorbing a competitor's accreditations can shorten the path to serving those customers directly. The deal also takes a standalone electrical and electronics testing operation out of the market, concentrating more of that work under one certifier. Whether the expanded footprint translates into more business will depend on how quickly UL Solutions integrates the acquired labs and staff, and how fast the combined accreditations are recognized across regions.