On the Record · UL Solutions
UL Solutions acquisitions, on the record
The businesses UL Solutions bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
TesTneT Engineering GmbH (together with its subsidiaries, "TesTneT")Word for word“In July 2024, the Company acquired 100% of the outstanding stock of TesTneT Engineering GmbH (together with its subsidiaries, “TesTneT”) for approximately $19 million.” 10-K for 2024 | acquisition | July 2024 | approximately $19 million |
Batterielngenieure GmbH (together with its subsidiaries, "Batterielngenieure")Word for word“In May 2024, the Company acquired 100% of the outstanding stock of Batterielngenieure GmbH (together with its subsidiaries, “Batterielngenieure”) for approximately $11 million.” 10-K for 2024 | acquisition | May 2024 | approximately $11 million |
payments testing businessWord for word“In May 2024, the Company completed the sale of its payments testing business to an affiliate of Gallant Capital Partners, for a base price of $29 million.” 10-K for 2024 | divestiture | May 2024 | a base price of $29 million |
Certification Entity for Renewable Energies, S.L. ("CERE")Word for word“In August 2023, the Company acquired 100% of the outstanding stock of Certification Entity for Renewable Energies, S.L. (“CERE”) for approximately $14 million.” 10-K for 2024 | acquisition | August 2023 | approximately $14 million |
HBI Compliance Limited (together with its subsidiaries, "Healthy Buildings International")Word for word“In July 2023, the Company acquired 100% of the outstanding stock of HBI Compliance Limited (together with its subsidiaries, “Healthy Buildings International”) for approximately $6 million.” 10-K for 2024 | acquisition | July 2023 | approximately $6 million |
TesTneT Engineering GmbHWord for word“In July 2024, the Company acquired 100% of the outstanding stock of TesTneT Engineering GmbH (together with its subsidiaries, “TesTneT”) for approximately $19 million.” 10-K for 2025 | acquisition | July 2024 | approximately $19 million |
Batterielngenieure GmbHWord for word“In May 2024, the Company acquired 100% of the outstanding stock of Batterielngenieure GmbH (together with its subsidiaries, “Batterielngenieure”) for approximately $12 million.” 10-K for 2025 | acquisition | May 2024 | approximately $12 million |
Employee Health and Safety software businessWord for word“In February 2026, the Company signed a definitive agreement to sell its Employee Health and Safety software business in the Company’s Risk & Compliance Software segment to an affiliate of Peak Rock Capital, a private investment firm, for a base 67 purchase price of $210 million in cash, subject to customary post-closing adjustments.” 10-K for 2025 | agreed divestiture | February 2026 | $210 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2022-12-31 | $66 million | $0 | — |
| 2023-12-31 | $18 million | $4 million | $13 million |
| 2024-12-31 | $26 million | $29 million | $21 million |
| 2025-12-31 | $1 million | $0 | — |
Deal filings since 2016
Read from UL Solutions’s annual reports (10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.