mynth
04/2026100%

Met Labs acquired by UL Solutions

UNITED STATES Industrial Services / TIC (Testing, Inspection, Certification) EV €500M–1.5bn

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)

Year
Rev
EBITDA
EBIT
2026
€100–200M
€25–50M
[members only]
2025
€100–200M
€25–50M
[members only]

Other operations with UL Solutions

Other operations with UL Solutions
DateAcquirerTargetCountrySector
07/2024UL SOLUTIONSTESTNET ENGINEERINGGERMANYTIC (Testing, Inspection, Certification)
08/2023UL SOLUTIONSCERE (CERTIFICATION ENTITY FOR RENEWABLE ENERGIES)SPAINTIC (Testing, Inspection, Certification)

Similar deals in Industrial Services

Similar deals in Industrial Services
DateAcquirerTargetCountrySector
05/2026APAVE GROUPEDEKRA RAILNETHERLANDSTIC (Testing, Inspection, Certification)
05/2026RAMBOLLENVIDANDENMARKEngineering & Consulting
04/2026MONTAGU PRIVATE EQUITYDQSGERMANYTIC (Testing, Inspection, Certification)
04/2026SIWISGEOCOMPITALYEngineering & Consulting
04/2026KILOUTOUKDM HIREIRELANDEquipment Rental
04/2026MONTYON CAPITALTRIGOFRANCETIC (Testing, Inspection, Certification)
04/2026BUREAU VERITASLOTUSWORKSIRELANDTIC (Testing, Inspection, Certification)
03/2026STUDSVIKKÄRNFULLSWEDENEngineering & Consulting
03/2026CHEQUERSGROUPE ASERTIFRANCEIndustrial Services
03/2026GRAFTON GROUPMERCALUZSPAINIndustrial & 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.

FAQ

What transaction does this page cover?

This page covers UL Solutions’s acquisition of 100% of Met Labs, an American company specialised in TIC (Testing, Inspection, Certification), in 2026.

How was the acquisition of Met Labs by UL Solutions valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €500M–1.5bn band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Met Labs’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Met Labs generated annual revenue estimated in the €100–200M range and EBITDA in the €25–50M bracket (FY 2026). Detailed financial figures are available to members.

How does the valuation of Met Labs compare to benchmarks in the Business Services sector?

With an estimated multiple range of 10x - 18x, the transaction stands directly in line with historical averages for the Business Services sector (11.5x in 2026).

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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