UL Solutions Acquires Eurofins Electrical Testing Business

announced on April 13, 2026, a definitive agreement to acquire Eurofins Scientific’s electrical and electronics testing business for approximately €575 million, expanding its global testing, inspection, and certification footprint and adding an estimated $200 million in 2026 revenue. This strategic acquisition, valued at roughly 14.5 times estimated 2026 EBITDA, strengthens UL Solutions' offerings in electrical safety, electromagnetic compatibility, wireless technologies, and medical devices, particularly across EMEA and Asia-Pacific regions.

The transaction is expected to be accretive to adjusted diluted earnings per share in the first full year post-closing, with funding sourced from cash on hand, including proceeds from the April 1, 2026 sale of UL’s Employee Health and Safety software unit, and available credit. Closing is targeted for the fourth quarter of 2026, contingent upon multiple regulatory approvals, including antitrust and national security clearances.

UL Solutions aims to capitalize on megatrends like digitization and increasing global product compliance requirements through this focused portfolio expansion.