Bureau Veritas in talks to combine with Swiss testing firm SGS

Published 01/15/2025, 12:51 AM
Updated 01/15/2025, 12:55 AM
© Reuters.
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(Reuters) - France's Bureau Veritas is in talks to combine with Swiss testing and inspection company SGS (SIX:SGSN), the companies said on Wednesday.

There can be no assurance that these discussions will result in a transaction or an agreement, the companies said in separate statements.

Bureau Veritas has a valuation of about 13.23 billion euros ($13.63 billion), according to LSEG data, while SGS has a valuation of about 17.44 billion Swiss francs ($19.12 billion).

Bloomberg News previously reported that the companies were in advanced talks to merge, and said that the final details of a transaction that could be announced in the coming weeks.

($1 = 0.9709 euros)

($1 = 0.9122 Swiss francs)

 

 

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