Testing company SGS to step up acquisition drive during 2025 - CEO
ZURICH, Feb 11 (Reuters) - Swiss testing company SGS SGSN.S wants to make at least one acquisition per month during 2025 and would also consider large deals, Chief Executive Geraldine Picaud said on Tuesday.
"I do believe there will be some consolidation in the industry, it's very fragmented," said Picaud after SGS reported its full year earnings.
"Count on us to play an active role in that consolidation." Picaud told reporters. "We will study any opportunity - small, medium or large that makes sense."
SGS last month ended talks about a potential $30 billion merger with French rival Bureau Veritas BVI.PA.
"There was no certainty that the discussions would lead to a deal," Picaud said. "It was a great opportunity, we tried to make it work, but we could not quite get there in the end."
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