UL Solutions to Acquire Eurofins' Electrical & Electronics Business for $670M

summarizeSummary

UL Solutions Inc. announced a definitive agreement to acquire Eurofins Scientific's Electrical & Electronics business for approximately $670 million in cash, expanding its global testing, inspection, and certification services.

check_boxKey Events

• Acquisition Agreement

  UL Solutions entered into a definitive agreement to acquire the electrical and electronics (E&E) business of Eurofins Scientific SE.

• Transaction Value

  The all-cash transaction is valued at approximately €575 million (US $670 million), subject to customary adjustments.

• Strategic Expansion

  The acquisition expands UL Solutions' global laboratory footprint and enhances its testing, inspection, and certification (TIC) services for electrical safety and connected products.

• Funding & Financial Impact

  The deal will be funded by cash on hand and available credit facilities, including proceeds from a previously announced divestiture. It is expected to be accretive to Adjusted Diluted EPS in the first full calendar year after closing.

auto_awesomeAnalysis

This acquisition represents a significant strategic expansion for UL Solutions, broadening its global laboratory footprint and enhancing its capabilities in electrical safety and connected products. The deal, valued at approximately $670 million, is expected to be accretive to Adjusted Diluted EPS in the first full calendar year post-closing and will be funded by existing cash and credit facilities, including proceeds from a recent divestiture. This move aligns with the company's focus on TIC services and positions it for continued growth in digitization and global product compliance.