Bureau Veritas ends merger talks with SGS in Testing, Inspection, and Certification sector.

From Nasdaq: 2025-01-27 01:52:32

Bureau Veritas SA ends discussions with SGS SA on potential business combination in the Testing, Inspection, and Certification sector. Talks started on January 15 but no agreement was reached. Bureau Veritas remains committed to its LEAP 28 strategy for significant growth and improved performance. Goals include high single-digit total revenue growth, mid-to-high single-digit organic growth, improved operating margins, double-digit shareholder returns, and robust cash conversion exceeding 90 percent. On Friday, Bureau Veritas closed 1.26% lower at $29.84, while SGS SA closed 0.11% lower at $9.32.



Read more at Nasdaq: Bureau Veritas Ends Merger Discussions With SGS