UL Solutions Inc. (ULS) — Current Report

Key Insights

• UL Solutions Inc. (ULS) has entered into an agreement to acquire the electrical and electronics business of Eurofins Scientific SE for approximately $670 million, expanding its testing and certification capabilities.
• The acquisition is subject to regulatory approvals in several countries, including the UK, Finland, US, and South Korea, which could impact the timeline and completion of the transaction.
• ULS plans to fund the acquisition using cash on hand, including proceeds from the divestiture of its Employee Health and Safety software business, as well as available capacity under its credit facility.