UL Solutions Inc. Announces Transformative €575 Million Acquisition of Eurofins Scientific’s Electrical & Electronics Business

Northbrook, IL – April 13, 2026: UL Solutions Inc. (NYSE: ULS), a recognized global leader in applied safety science, has entered into a definitive agreement to acquire the Electrical & Electronics (E&E) business of Eurofins Scientific SE, including the MET Labs certification mark, in a transaction valued at approximately €575 million (about \$670 million). This major strategic move is expected to significantly expand UL Solutions’ global laboratory presence and enhance its core Testing, Inspection, and Certification (TIC) offerings for electrical safety and connected products.

Transaction Overview and Strategic Rationale

• Expansion of Global TIC Footprint: This acquisition is designed to bolster UL Solutions’ capabilities and reach, particularly in critical geographies such as EMEA and Asia-Pacific. It is strategically aligned with the company’s ambition to be the acquirer of choice in the fast-evolving global TIC market, especially as megatrends in digitization and global product compliance accelerate.
• Enhanced Portfolio: The E&E business of Eurofins provides key testing, compliance, and certification services supporting market access for electromagnetic compatibility and wireless testing, electrical safety, medical devices, and other advanced technologies. The deal will bring together complementary infrastructure and expertise for electrical testing and certification, especially benefiting UL Solutions’ Consumer segment.
• Financial Impact: The E&E business is projected to generate approximately \$200 million in revenue in 2026. The purchase price equates to about 14.5x estimated 2026 EBITDA (inclusive of run-rate net cost synergies expected within three years post-closing). The deal is anticipated to be accretive to Adjusted Diluted Earnings Per Share in the first full calendar year after closing, excluding intangible amortization and integration costs.
• Funding: The acquisition will be financed through a combination of cash on hand (including proceeds from the company’s recent sale of its Employee Health and Safety software division, which closed on April 1, 2026) and available capacity on UL Solutions’ undrawn revolving credit facility. Approximately 30% of the purchase price is expected to be funded from the aforementioned software business sale.
• Timing & Conditions: The transaction is expected to close in Q4 2026, pending customary closing conditions and regulatory approvals. The company emphasizes that the acquisition will not impact its 2026 full-year outlook for organic revenue growth or Adjusted EBITDA margin.

Management Commentary

“Our technical talent, global accreditations and service portfolio differentiate us in our industry, and our strong balance sheet enables us to extend our capabilities and footprint globally to serve our customers’ evolving needs as strategic opportunities arise,” said President and CEO Jennifer Scanlon. “This transaction fits our ambition to be the acquirer of choice, and I am thrilled at the prospect of welcoming highly skilled colleagues who share our mission of working for a safer world to the UL Solutions team.”

Key Shareholder Considerations

• Shareholder Value & EPS Impact: The acquisition is expected to enhance shareholder value by being accretive to Adjusted Diluted EPS in the first full year following the close (excluding certain costs), which could positively influence share price.
• Strategic Focus: The deal is a meaningful step in UL Solutions’ portfolio realignment, focusing the company squarely on TIC and Risk & Compliance software capabilities, reinforcing the shift initiated with the sale of its Employee Health and Safety software business.
• Regulatory and Execution Risks: As with any large cross-border acquisition, there are risks, including the need for regulatory approvals and the successful integration of the acquired business. Any delay, non-completion, or unanticipated costs could impact the company’s financial performance and, consequently, its share price.
• Forward-Looking Statements and Uncertainties: The company notes a range of risks and uncertainties, including regulatory approval, integration, currency fluctuations, global macro conditions, and the realization of projected synergies, all of which may affect actual outcomes.
• Upcoming Earnings Release: UL Solutions will announce its Q1 2026 financial results before the market opens on May 5, 2026, which may provide further insight into the impact and integration plans for the acquisition.

Non-GAAP Measures and Financial Transparency

Investors should note that management uses certain non-GAAP measures, such as estimated 2026 EBITDA inclusive of run-rate net cost synergies and Adjusted Diluted EPS excluding intangible amortization and integration costs, to assess operational strength. These are not standard GAAP measures and may not be comparable across companies, and UL Solutions is not able to reconcile these forward-looking non-GAAP measures to the most directly comparable GAAP measures due to inherent variability and uncertainty in certain items.

Conclusion

This acquisition marks a pivotal moment for UL Solutions, potentially reshaping its global market position and financial trajectory. The deal’s size, strategic rationale, and expected accretive impact make it a key event for investors to watch, with the potential to significantly influence ULS share value as integration progresses and financial benefits are realized.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. All forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. Investors should conduct their own due diligence and consult with their financial advisors before making any investment decisions.

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