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Eurofins Completes Sale of MET Labs Business

MT Newswires·10/02/2026 03:26:45
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03:26 AM EDT, 10/02/2026 (MT Newswires) -- Eurofins Scientific (ERF.PA) finalized the sale of its electrical and electronic testing business MET Labs to UL Solutions on a cash-and-debt-free basis for an enterprise value of 575 million euros. The French laboratories group said Friday it will allocate the proceeds to debt reduction, investments, share buybacks, strategic acquisitions, and other capital allocation priorities.