Eurofins Divests MET Labs Division to UL Solutions for 575 Million Euros
Eurofins Scientific has announced the signing of an agreement to divest its Electrical & Electronic Testing division (MET Labs) to UL Solutions Inc. for an enterprise value of 575 million euros. This divestiture marks a strategic turning point for the group, refocusing on its core life testing activities.
Overview of MET Labs
MET Labs, the divested business, is an international network of laboratories specializing in product safety testing, inspection, and certification for the consumer electronics, automotive, telecommunications, and industrial sectors. The division employs about 1,300 staff worldwide and is expected to generate more than 180 million euros in revenue by 2026, with profitability largely in line with the group's average.
Strategic Refocus and Use of Proceeds
Eurofins states that this divestiture is part of its strategy to refocus on its core life testing activities. The group plans to allocate the proceeds from this sale to several priorities: debt reduction, capital expenditures for owned laboratories and sites, development of next-generation digital solutions, robotics and artificial intelligence, share buybacks, and strategic acquisitions to strengthen its leadership positions in the markets for food, environmental, pharmaceutical, clinical, and related testing.
Transaction Completion Pending Regulatory Approvals
The completion of the transaction remains subject to customary regulatory approvals and is expected before the end of the year 2026. The press release does not specify any potential specific financial or operational impacts related to the divestiture, nor the detailed conditions of the transition.
