UL Solutions completes acquisition of Eurofins Scientific's electrical and electronics business
UL Solutions Inc. announced that it has finalized the purchase of Eurofins Scientific SE's electrical and electronics (E&E) business. The transaction adds testing, compliance and certification capabilities, along with laboratories and accreditations in EMEA, Asia and the United States. President and CEO Jennifer Scanlon said the deal expands UL's global footprint and enhances services for electrical safety and connected products. Financial terms of the acquisition were not disclosed.
Why it matters
The acquisition broadens UL Solutions' service offering and geographic reach, which could improve its revenue potential and market position, according to the company's press release.
Key facts
- 1UL Solutions completed the acquisition of Eurofins Scientific SE's electrical and electronics business. investing.com
- 2The deal adds laboratories and accreditations in EMEA, Asia and the United States. investing.com
- 3President and CEO Jennifer Scanlon said the acquisition extends UL's 132‑year commitment to safety and expands its global footprint. investing.com
- 4UL Solutions did not disclose the financial terms of the transaction. investing.com
Open questions
- The purchase price and expected financial contribution of the acquired business were not disclosed.
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.