Eurofins Scientific to Divest Electrical Testing Unit in €575 Million Deal

Eurofins Scientific (ERFSF) has announced a definitive agreement to sell its Electrical & Electronic Testing business, operating as MET Labs, to UL Solutions Inc. The transaction is valued at €575 million, conducted on a cash and debt-free basis. This divestiture represents a strategic move by Eurofins to optimize its operational portfolio. By offloading the MET Labs unit, the company can refocus its resources on core growth areas while realizing a significant capital gain from the sale. MET Labs is a recognized player in the testing and certification space, with the business expected to generate annual revenues of more than €180 million. The acquisition allows UL Solutions to expand its capabilities and market reach within the electrical and electronic testing sector. From a market perspective, the deal provides Eurofins with a substantial cash infusion. For UL Solutions, the integration of MET Labs strengthens its competitive positioning in global safety and compliance standards, potentially increasing its market share in specialized electronic testing.