UL Solutions to acquire Eurofins’ E&E business for $670M

UL Solutions (ULS) announced it has entered into a definitive agreement to acquire the electrical and electronics business of Eurofins Scientific SE. The transaction expands UL Solutions’ global footprint and is intended to enhance its testing, inspection and certification business for electrical safety and connected products. Purchase price represents an enterprise value of approximately approximately $670M. Expected to be funded with cash on hand, including proceeds from the sale of the company’s Employee Health and Safety software business, and available capacity on the company’s undrawn credit facility. Expected to close in the fourth quarter of 2026, subject to customary closing conditions, including applicable regulatory approvals. The E&E business is expected to generate approximately $200M in revenue in 2026. 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 acquisition is not expected to impact the company’s 2026 full-year outlook for organic revenue growth or adjusted EBITDA margin.