Bureau Veritas in talks to combine with Swiss testing firm SGS.

France’s Bureau Veritas is in talks to combine with Swiss testing and inspection company SGS (SIX:SGSN), the companies said on Wednesday.

There can be no assurance that these discussions will result in a transaction or an agreement, the companies said in separate statements.

Bureau Veritas has a valuation of about 13.23 billion euros ($13.63 billion), according to LSEG data, while SGS has a valuation of about 17.44 billion Swiss francs ($19.12 billion).

Source: INVESTING