Eurofins Completes Sale of MET Labs to UL Solutions

Eurofins Scientific SE has finalized the sale of its Electrical & Electronic Testing division, known as MET Labs, to UL Solutions Inc., effective from October 1, 2026. The deal, initially announced on April 14, 2026, amounts to €575 million on a cash and debt-free basis. MET Labs is a global network of laboratories providing safety testing, inspection, and certification for electrical and electronic products, employing approximately 1,300 people worldwide.

This divestment aligns with Eurofins' strategic shift towards its core life sciences testing services. Proceeds from this transaction will be allocated to various priorities such as debt reduction, investment in laboratories, digital solutions, robotics, AI advancements, share buybacks, and strategic acquisitions in sectors including food, pharmaceuticals, and environmental testing.

Eurofins' CEO, Dr. Gilles Martin, expressed gratitude to MET Labs' teams for their contributions over the nearly two decades within Eurofins. He noted that UL Solutions, with its focus on applied safety science, is a fitting new home for MET Labs.