SGS and Bureau Veritas in Talks for Potential Merger

It was reported and then confirmed by both companies that SGS is in talks with Bureau Veritas over a possible merger. The combined firm would have a market cap of EUR 31 billion, making it far and away the global leader in testing, inspection, and certification, or TIC. It is important to note that discussions are still ongoing, and a deal is not guaranteed, especially considering the regulatory risk of a deal involving the two largest players in the industry. In early trading, Bureau Veritas shares are up 4%, and SGS shares are down 4%.