UL Solutions

What UL Solutions does

UL Solutions Inc. (NYSE: ULS) is a global safety science company providing testing, inspection, certification and advisory services across industrial, automotive, consumer products, healthcare, energy, and technology sectors. Founded in 1894 as Underwriters Laboratories and headquartered in Northbrook, Illinois, the company operates in more than 110 countries with 10,000+ employees and serves more than 80,000 customer companies, including over 60% of the Fortune 500 and Global 500. UL Solutions develops and maintains a catalog of over 1,700 proprietary standards and participates on more than 1,300 standards panels, giving the UL Mark decades of regulatory recognition and customer trust across multiple jurisdictions.

The company's core technology combines a global laboratory network (with recent expansions in Toyota City, Japan and a Neu-Isenburg, Germany facility under construction) with proprietary standards and the ULTRUS software suite for regulatory compliance, ESG data management and supply chain transparency. Notable technical capabilities include safety and EMC testing (including high-voltage/high-current automotive EMC), battery enclosure thermal runaway evaluation (UL 2596), EV charging and adapter testing (UL 2252), cybersecurity certification for distributed energy resources (UL 2941), service robotics safety (UL 3300), hazardous-location robotics (UL 6260), and the new UL 3115 AI safety evaluation framework. UL Solutions generates revenue from five streams: fee-for-service testing, recurring certification with ongoing follow-up inspections, advisory and consulting engagements, ULTRUS software subscriptions, and independent verification services, priced via quote-based multi-year enterprise contracts sold through direct enterprise field sales, inside sales for mid-market, and the myUL self-service portal.

Following its 2023 IPO, UL Solutions has executed a portfolio reshape including the pending $670 million acquisition of Eurofins Scientific's Electrical & Electronics business, the $202 million divestiture of its EHS software business (rebranded PureEHS) to Peak Rock Capital, and tuck-in acquisitions including TesTneT (hydrogen testing, 2024), Healthy Buildings International (2023) and Data Test Labs (automotive, 2022). FY2025 revenue reached $3.05 billion with adjusted EBITDA of $792 million (25.9% margin), and Q1 2026 revenue grew 7.5% year-over-year with margins expanding to 26.0%.

Name

UL Solutions

Legal name

UL Solutions Inc.

Website

https://ul.com

Company type

Public

Founded year

1894

Operating status

Ipo

Headcount range

5,001–10,000 employees

Short description

UL Solutions Inc. is a global safety science company providing testing, inspection, certification, advisory, and software services to 80,000+ companies across 110+ countries in industrial, automotive, energy, healthcare, and consumer sectors.

Ownership category

akta.pro rank

Product category

Testing, Inspection and Certification Services

NAICS

Testing Laboratories and Services (541380), Testing Laboratories and Services (54138)

SIC

Services-Testing Laboratories (8734)

akta.pro primary industry

Third-Party Certification, Code Compliance & Regulatory Inspection (ASME/API/ISO) (EUAEAHAN)

akta.pro secondary industries

Industrial Endpoint Protection (PLC/HMI/Engineering Workstation EDR) (HDADAJAD), Reliability, Safety & Risk Engineering (RAMS/PSM) Consulting (BPAHAIAK)

Keywords

• Testing inspection certification
• Safety science services
• Product compliance testing
• Electromagnetic compatibility testing
• Standards development

Headquarters

HQ city

Northbrook

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Testing Services: Fee-for-service testing of products, components and systems to applicable regulations and standards. Revenue generated through laboratory testing services across safety, EMC, performance, environmental and wireless testing categories.
2. Certification Services: Certification of personnel, products, facilities, processes and systems to applicable standards with ongoing follow-up services. Revenue generated from initial certification fees and periodic follow-up inspections.
3. Advisory Services: Consulting services helping organizations manage safety, compliance risks, sustainability and market access. Includes regulatory advisory, market access guidance and sustainability consulting.
4. Software Subscriptions: ULTRUS software platform subscriptions for regulatory compliance, ESG data management, chemical regulatory databases, and enterprise sustainability. Includes Product Insights, ComplianceWire LMS, Navigator, and other SaaS offerings.
5. Verification and Validation: Independent verification services for performance, sustainability and environmental claims. Includes greenhouse gas verification to ISO 14064-3 and product carbon footprint validation.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

UL Solutions is a global safety science company providing testing, inspection, certification, and advisory services to manufacturers across more than 110 countries. The company operates a global laboratory network, develops and maintains 1,700+ proprietary safety standards, and offers the ULTRUS software suite for regulatory compliance, ESG data management, and supply chain transparency. Its services enable product market access, regulatory compliance verification, and independent third-party certification across automotive, energy, healthcare, industrial, consumer products, and built-environment sectors.

Product overview

UL Solutions is a global safety science company offering a comprehensive portfolio of testing, inspection, certification, advisory, and software services. The company's offerings are organized around a platform-plus-services model, with the ULTRUS® Software suite providing specialized tools for regulatory compliance, environmental management, and operational excellence. Core services include safety testing (EMC, performance, interoperability, wireless), certification services across product/facility/personnel/system categories, advisory services, auditing and inspection, verification and validation, and training. The company serves industries including automotive and mobility, building technologies, chemicals and materials, energy and utilities, healthcare and life sciences, industrial products, retail, and technology and communications. Notable specialized offerings include EV charging infrastructure testing, hydrogen technology testing, battery enclosure thermal runaway evaluation, robotics safety certification (UL 3300), AI safety standards (UL 3115), and the UL Verified Healthy Building program. The recent ULTRUS UL 360 launch extends the portfolio into AI-powered sustainability tools for product carbon footprint calculations.

Differentiator

Problem solved

Functional benefit

Brands

• ULTRUS: Specialized software platform supporting regulatory, environmental, and operational excellence.
• PureEHS
• UL Verified
• ChemADVISOR
• ComplianceWire
• GREENGUARD

Products and services

• Safety Testing Services Comprehensive safety testing services that evaluate products, components and systems against applicable regulations and standards for manufacturers across automotive, consumer electronics, industrial machinery, healthcare, and other industries.

Quantifiable outcome

• Reduced e-bike deaths in NYC by 75% through lithium-ion battery safety standards
• +3 more outcomes

Named customers13 records

Segments10 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature10 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ExRoboticscoreStrategic or Co-development Partner · 24 June 2026UL Solutions issued first certification under UL 6260 for remotely operated inspection robots in hazardous locations to ExRobotics for its ExR-2.5 inspection robot.
• Eurofins Scientific SEcoreStrategic or Co-development Partner · 13 April 2026UL Solutions agreed to acquire Eurofins Scientific's Electrical & Electronics business for approximately €575 million (~$670 million), including MET Labs certification mark. Expected to generate approximately $200 million in revenue in 2026 and expand global laboratory footprint.
• Schneider ElectriccoreStrategic or Co-development Partner · 30 March 2026Schneider Electric became first company to earn UL Solutions' ECOLOGO certification for an industrial product, receiving distinction for PowerPacT molded case circuit breakers based on UL 2711.
• QcellscoreStrategic or Co-development Partner · 23 March 2026Qcells became first company certified under UL 3115, the industry's first AI safety evaluation framework for mission-critical energy management systems in data centers.
• Simbe RoboticscoreStrategic or Co-development Partner · 11 March 2026UL Solutions granted first-ever safety certification for a public-facing robot to Simbe's Tally shelf-scanning robot under UL 3300 standard, positioning the company as trusted safety gatekeeper for autonomous robots.
• Trina StorageminorStrategic or Co-development Partner · 25 February 2026Trina Storage completed EU Battery Regulation (2023/1542) Compliance Framework with UL Solutions recognition, validating compliance with comprehensive requirements for battery lifecycle.
• HiTHIUMminorStrategic or Co-development Partner · 9 February 2026HiTHIUM completed world's first open-door large-scale fire test of 6.25MWh BESS with kAh battery cells supervised by UL Solutions, demonstrating stable and controllable safety performance.
• FCC (U.S. Cyber Trust Mark Program)minorStrategic or Co-development Partner · 6 January 2026UL Solutions previously served as lead administrator for the FCC's U.S. Cyber Trust Mark program until withdrawing in early 2026 following an internal national security review.

Scale indicators15 records

Recent moves8 records

Expansion highlights8 records

Direct peers

• SGS SA: Swiss-based global leader in TIC services and the closest direct competitor to UL Solutions. SGS offers overlapping testing, inspection and certification across industrial, automotive, consumer products, energy and healthcare verticals, competing head-to-head on safety testing and certification marks.
• Bureau Veritas: Paris-listed global TIC company operating across marine, offshore, commodities, industry, construction, certification and government services. Bureau Veritas competes directly with UL Solutions in industrial testing, product certification, and emerging energy/mobility verticals.
• Intertek Group: UK-listed TIC provider with strong product testing and certification franchises across consumer goods, energy, commodities and transportation. Intertek's ASTER and ETL marks compete with UL's safety certification in many of the same customer accounts.
• TÜV SÜD: German-based TIC company offering testing, certification, auditing and advisory services. TÜV SÜD is a key competitor in automotive, industrial, energy and medical device testing, and competes in EV battery and hydrogen certification.
• TÜV Rheinland: Germany-headquartered TIC firm with global laboratories offering safety testing, certification, and inspection services. TÜV Rheinland competes with UL Solutions in industrial products, automotive, solar/renewables and cybersecurity certification.
• DEKRA: German-based TIC organization active in automotive, industrial, and cybersecurity testing and certification. DEKRA overlaps with UL Solutions in automotive EMC, EV charging, and emerging technology safety certification.
• DNV: Norway-based assurance and risk management company providing testing, certification and advisory services, particularly strong in energy (oil and gas, renewables, maritime) and cybersecurity. DNV competes with UL Solutions in energy transition verticals and management system certification.
• Applus+: Spain-based TIC company operating across energy, industrial, and infrastructure inspection and certification. Applus+ overlaps with UL Solutions in industrial inspection, energy services, and automotive testing.
• Element Materials Technology: UK-based testing and certification firm focused on materials and product qualification testing for industrial, aerospace, transportation and energy customers. Element competes with UL Solutions in industrial, automotive and energy materials and EMC testing.

Broad incumbents

• Eurofins Scientific: Eurofins is a much larger testing conglomerate focused on food, environmental, pharmaceutical and clinical testing. UL Solutions is acquiring Eurofins' Electrical & Electronics business for ~$670M, after which the parent Eurofins group remains a broad incumbent rather than a direct competitor in UL's core verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/UL_Solutions
• YouTubeyoutube.com/ULSolutions
• Facebookfacebook.com/ULSolutionsGlobal
• LinkedInlinkedin.com/company/ulsolutions
• Instagraminstagram.com/ul_solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries5 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A25 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UL Solutions