In a statement issued on January 15th, 2025, Bureau Veritas and SGS communicated that they had engaged in discussions with regards to a potential business combination.
Bureau Veritas announced that these discussions have stopped and did not result in an agreement despite a strong belief in the value of consolidation in the Testing, Inspection and Certification sector.
Bureau Veritas remains fully committed to its LEAP | 28 strategy to deliver a step change in growth and performance, targeting high single-digit total revenue growth1 (with mid-to-high single-digit organic), consistent adjusted operating margin improvement1, double-digit shareholder returns based on EPS CAGR1,2, and dividend yield, and strong cash conversion3 (above 90%).
