MW There's a $34 billion deal in the works to create a testing and inspection giant
By Steve Goldstein
Two European testing, inspection and inspection companies are in talks on a merger that would create a dominant player in the sector potentially worth more than EUR33 billion ($34 billion).
French-listed Bureau Veritas and SGS of Switzerland, in nearly identical statements, said they are in talks on a business combination. Bloomberg News first reported the talks.
SGS stock (CH:SGSN) fell 5%, while Bureau Veritas (FR:BVI) shares rose 3%.
The combined company would be more than three times larger than the closest peer, Intertek (UK:ITRK), according to analysts at Jefferies.
Their portfolios are relatively complementary, with Veritas stronger in buildings and infrastructure and marine inspection, while SGS has a larger presence in environment, health and nutrition and natural resources, they said.
-Steve Goldstein
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 15, 2025 05:22 ET (10:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。