Global testing industry giant SGS and Bureau Veritas are in advanced negotiations on merger

According to Bloomberg and Reuters, SGS and Bureau Veritas, two leading companies in the global testing industry, are in in-depth merger negotiations, aiming to create a global testing industry giant with a market value of more than US$33 billion. The merger is expected to reduce costs, improve productivity, and achieve economies of scale, and the expected synergy effects for shareholders may exceed 250 million euros. At present, the two parties have issued a formal statement confirming that they are exploring a possible business merger, but there is no guarantee that a deal will be reached.