Eurofins Completes €575 Million Sale of MET Labs to UL Solutions

Business Wire··FRUS·Read original
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Summary · why it matters

Eurofins Scientific SE has completed the divestment of its Electrical & Electronic Testing business, known as MET Labs, to UL Solutions Inc., with the transaction closing on 1 October 2026. The deal was first announced on 14 April 2026 at an Enterprise Value of €575 million on a cash and debt free basis. MET Labs operates an international network of laboratories providing product safety testing, inspection and certification services for electrical and electronics products, employing approximately 1,300 staff globally. Eurofins said the transaction supports its focus on allocating capital toward its core testing for life capabilities, with proceeds earmarked for debt reduction, laboratory and owned-site capital expenditure, next-generation digital solutions, robotics and AI developments, share buybacks and strategic acquisitions in food, environmental, pharmaceutical, clinical and related testing areas. Chief Executive Dr Gilles Martin thanked the MET Labs teams for building successful and in several cases leading businesses over almost 20 years within the Eurofins network, adding that UL Solutions' focus on applied safety science makes it a natural home for the laboratories.

Impact on assets 2

Health Care▲ · 1 stocks
Eurofins Scientific SE
ERF
▲ PositiveCapitalrelevance

Eurofins completed the €575 million divestment of MET Labs, with proceeds earmarked for debt reduction, capex, buybacks and acquisitions.

Industrials▲ · 1 stocks
UL Solutions Inc.
ULS
▲ PositiveCapitalrelevance

UL Solutions acquires MET Labs for €575 million, expanding its applied safety science testing business.

Off-coverage companies 1

MET LaboratoriesPrivate± Mixed
Capitalrelevance

MET Labs is the business being sold by Eurofins to UL Solutions; the unit itself is the object of the transaction, not a driver of its own outcome.

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