Testing company SGS to step up acquisition drive during 2025 - CEO

Bureau Veritas SA

11/02/2025 07:04

ZURICH, Feb 11 (Reuters) - Swiss testing company SGS
 SGSN.S  wants to make at least one acquisition per month during
2025 and would also consider large deals, Chief Executive
Geraldine Picaud said on Tuesday.
    "I do believe there will be some consolidation in the
industry, it's very fragmented," said Picaud after SGS reported
its full year earnings. 
    "Count on us to play an active role in that consolidation."
Picaud told reporters. "We will study any opportunity - small,
medium or large that makes sense."
    SGS last month ended talks about a potential $30 billion
merger with French rival Bureau Veritas  BVI.PA .
    "There was no certainty that the discussions would lead to a
deal," Picaud said. "It was a great opportunity, we tried to
make it work, but we could not quite get there in the end."  
    

 (Reporting by John Revill
Editing by Ludwig Burger
)
 ((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))