mynth
04/2026

MET LABS acquired by UL SOLUTIONS

UNITED STATES Industrial Services / TIC (Testing, Inspection, Certification) EV 500M - 1.5b EUR

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 in 2026, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.5x).

-> Deep-dive in Business Services market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
2025

Similar deals in Industrial Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2026APAVE GROUPEDEKRA RAILNETHERLANDSTIC (Testing, Inspection, Certification)
05/2026EIFFAGEHAND & WERKGERMANYMulti-technical Installation
04/2026MONTYON CAPITALTRIGOFRANCETIC (Testing, Inspection, Certification)
04/2026MONTAGU PRIVATE EQUITYDQSGERMANYTIC (Testing, Inspection, Certification)
04/2026BUREAU VERITASLOTUSWORKSIRELANDTIC (Testing, Inspection, Certification)
04/2026KILOUTOUKDM HIREIRELANDEquipment Rental
04/2026SIWISGEOCOMPITALYEngineering & Consulting
03/2026STUDSVIKKÄRNFULLSWEDENEngineering & Consulting
03/2026CERTANIAICA GROUPUNITED KINGDOMTIC (Testing, Inspection, Certification)
03/2026CHEQUERSGROUPE ASERTIFRANCEIndustrial Services

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 25M - 50M EUR

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.