M&A
confidence high
sentiment positive
materiality 0.75
UL Solutions to acquire Eurofins E&E business for €575M (~$670M)
UL Solutions Inc.
- Enterprise value of ~€575M (~$670M) for Eurofins' electrical & electronics business; 2026E revenue ~$200M.
- Deal multiple of ~14.5x 2026E EBITDA including run-rate net cost synergies (to be realized within 3 years post-close).
- Anticipated to be accretive to adjusted diluted EPS in first full calendar year after closing, excluding intangibles amortization and integration costs.
- Funding from cash on hand (incl. proceeds from sale of Employee Health & Safety software business) and undrawn credit facility.
- Expected close Q4 2026, subject to regulatory approvals (UK, Finland, US, Korea, HSR) and other customary conditions; break fee €34.5M if filings not made.