Bureau Veritas in talks to combine with Swiss testing firm SGS (updated)

Bureau Veritas SA

15/01/2025 05:47

(Updates dateline, sourcing)
       Jan 15 (Reuters) - France's Bureau Veritas  BVI.PA  is
in talks to combine with Swiss testing and inspection company
SGS  SGSN.S , 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)

 (Reporting by Angela Christy in Bengaluru; Additional reporting
by Gursimran Kaur Editing by Mohammed Safi Shamsi)
 ((AngelaChristy.M@thomsonreuters.com;))