Advising Eurofins on the sale of its electrical and electronic testing business for EUR575 million

We've advised Eurofins Scientific SE (Eurofins) (EUFI.PA) (Paris:ERF) in relation to the divestment of its electrical and electronic testing business (MET Labs) to UL Solutions Inc. for an Enterprise Value of EUR575 million (US$677 million) on a cash and debt free basis. 

MET Labs is an international network of laboratories which employs approximately 1,300 staff globally and which offers expertise in product safety testing, inspection and certification services for electrical and electronics products. The business serves clients across consumer electronics, automotive, telecommunications and industrial sectors, ensuring compliance with international safety and performance standards.

Proceeds from this divestment will support Eurofins' capital allocation priorities, including debt reduction, capital expenditure in laboratories and owned sites, next-generation digital solutions, robotics and AI developments, share buybacks and strategic acquisitions to further strengthen Eurofins' market-leading positions in food, environmental, pharmaceutical, clinical and related testing areas.

Completion of the transaction is subject to customary regulatory approvals and is expected to occur by the end of 2026.

The team advising Eurofins was led by Paul Thorpe (Partner, Corporate M&A) and included Jack Coventry (Senior Associate, Corporate M&A), Richard Price (Senior Associate, Corporate M&A), Dillan Madhani (Associate, Corporate M&A), Ben Eaves (Associate, Corporate M&A) and Jamie Mehta (Paralegal, Corporate M&A).

Members of the wider team included:

• Commercial and IP: Siân Skelton (Partner) and Kelly Burke (Senior Counsel).
• Tax: Graham Samuel-Gibbon (Partner) and Freddie Knottenbelt (Associate).
• Antitrust: Louisa Penny (Senior Counsel).