UL Solutions Inc. has entered into a definitive agreement to acquire Electrical and electronics (E&E) business from Eurofins Scientific SE for approximately ?580 million.
UL Solutions Inc. (NYSE:ULS) has entered into a definitive agreement to acquire Electrical and electronics (E&E) business from Eurofins Scientific SE (ENXTPA:ERF) for approximately ?580 million on April 13, 2026. The acquisition includes MET Labs certification mark of Eurofins Scientific. The purchase price represents an enterprise value of approximately ?575 million on a debt-free, cash-free basis, as of the applicable lockbox date and subject to customary adjustments. It corresponds to a multiple of approximately 14.5 times estimated 2026 EBITDA2 inclusive of run-rate net cost synergies expected to be realized within three years following closing of the transaction. The transaction 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. The company expects to fund the transaction through a combination of its existing cash and revolving credit facility, including proceeds from the sale of the Company?s Employee Health and Safety software business.
The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close in the fourth quarter of 2026. As such, the acquisition is not expected to impact the Company?s 2026 full-year outlook for organic revenue growth or Adjusted EBITDA margin.
UL Solutions Inc. is a global safety science company. The Company provides testing, inspection and certification (TIC) services and related software and advisory offerings to customers. Its segments include Industrial, Consumer, Software and Advisory. The Industrial segment offers services which address needs across energy, industrial automation, engineered materials and the built environment, and across a variety of stakeholders, including manufacturers, building and asset owners, end users and regulators. The Consumer segment provides a variety of global product market acceptance and risk mitigation services for customers in the consumer products end market, including consumer electronics, medical devices, information technologies, appliances, heating, ventilation, and air conditioning (HVAC), lighting and retail and emerging consumer applications, including new mobility, smart products and 5G. The Software and Advisory segment provides complementary software and advisory solutions.
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UL Solutions Inc. has entered into a definitive agreement to acquire Electrical and electronics (E&E) business from Eurofins Scientific SE for approximately ?580 million.
