Met Labs acquired by UL Solutions
Context
The global safety science leader has signed a definitive agreement to acquire the electrical and electronics testing business of Eurofins Scientific, a French life sciences laboratory group. This strategic transaction represents a definitive portfolio pruning for the seller, marking a structural exit from the technical industrial testing space to concentrate resources on its core bio-analytical segments. The strategic rationale for the move centers on the acquirer's objective to broaden its technical operational depth in the high-growth electronics compliance market while achieving significant geographic densification in North America and Asia. By incorporating this technical specialist, the organization reinforces its ability to serve mission-critical electronics manufacturers requiring high-end certification services. The partnership is designed to leverage the acquirer’s global infrastructure and digital platform to enhance the target’s service delivery and operational efficiency. This integration facilitates the development of a uniquely integrated safety testing platform, providing the strategic depth required to navigate complex international standards and the rising demand for technological safety. The transaction marks the conclusion of the seller’s strategic review of non-core assets, allowing it to refocus capital on automation and artificial intelligence initiatives within its healthcare and environmental laboratories.
By taking control of Met Labs, UL Solutions continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Testnet Engineering in 2024.
Met Labs, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, standing directly in line with the average currently observed in the Business Services sector (11.5x in 2026).
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Target
MET Labs is a premier technology organization specializing in the testing, inspection, and certification (TIC) of electrical and electronic products. The entity’s business model is centered on providing third-party safety and performance validation to ensure regulatory compliance across global markets. Its value proposition is anchored in being a nationally recognized testing laboratory (NRTL), facilitating the industrialization of consumer electronics, telecommunications, and industrial equipment. Strategically, the firm focuses on technical operational depth in electromagnetic compatibility (EMC) and environmental simulation testing. By maintaining a network of high-expertise laboratory sites, the organization ensures a mission-critical role in the global electronics supply chain, reducing time-to-market for technical innovators. The entity prioritizes industrialized reliability and standardized quality to navigate the increasing complexity of international safety requirements and technological convergence.
Ent. Value
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with UL Solutions
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2024 | UL SOLUTIONS | TESTNET ENGINEERING | GERMANY | TIC (Testing, Inspection, Certification) |
| 08/2023 | UL SOLUTIONS | CERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES) | SPAIN | TIC (Testing, Inspection, Certification) |
Similar deals in Industrial Services
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2026 | APAVE GROUPE | DEKRA RAIL | NETHERLANDS | TIC (Testing, Inspection, Certification) |
| 05/2026 | RAMBOLL | ENVIDAN | DENMARK | Engineering & Consulting |
| 04/2026 | MONTAGU PRIVATE EQUITY | DQS | GERMANY | TIC (Testing, Inspection, Certification) |
| 04/2026 | SIWIS | GEOCOMP | ITALY | Engineering & Consulting |
| 04/2026 | KILOUTOU | KDM HIRE | IRELAND | Equipment Rental |
| 04/2026 | MONTYON CAPITAL | TRIGO | FRANCE | TIC (Testing, Inspection, Certification) |
| 04/2026 | BUREAU VERITAS | LOTUSWORKS | IRELAND | TIC (Testing, Inspection, Certification) |
| 03/2026 | STUDSVIK | KÄRNFULL | SWEDEN | Engineering & Consulting |
| 03/2026 | CHEQUERS | GROUPE ASERTI | FRANCE | Industrial Services |
| 03/2026 | GRAFTON GROUP | MERCALUZ | SPAIN | Industrial & Technical Distribution |
REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €100–200M
EBITDA range: €25–50M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Met Labs by UL Solutions are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
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