Bureau Veritas and SGS end merger discussions

Bureau Veritas and SGS have ended their discussions about a potential business combination without an agreement.

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France’s Bureau Veritas said that the discussions did not result in an agreement despite a strong belief in the value of consolidation in the testing, inspection and certification sector. The company said it remains fully committed to its LEAP | 28 strategy to deliver a step change in growth and performance.

The Swiss testing, inspection and certification company SGS said it remains focused on the continued execution of its Strategy 27 – ‘Accelerating growth, building trust’ and delivering superior value to shareholders.