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Home > Finance > Swiss testing firm SGS to continue acquisitions in 2026

Swiss testing firm SGS to continue acquisitions in 2026

Published by Global Banking & Finance Review®

Posted on February 11, 2026

2 min read

Last updated: February 11, 2026

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Tags:Dividend financial management investment

Quick Summary

SGS reported better-than-expected 2025 revenue, driven by strong North American sales and overcoming a strong Swiss franc. The company proposes a stable dividend.

SGS Plans Continued Acquisitions Through 2026 Amid Strong Growth

SGS's Acquisition Strategy and Financial Performance

By Tristan Veyet

Recent Acquisitions

Feb 11 (Reuters) - Swiss testing and inspection group SGS plans to continue to make acquisitions in 2026, it said on Wednesday, after reporting full-year results which were better than market expectations.

Financial Results and Growth Projections

In 2025, SGS acquired 19 companies, including its largest ever, US' Applied Technical Services, for $1.33 billion, and has acquired a further six since the beginning of the year.

Dividend Proposal

"We will continue the bolt-on acquisitions at full speed because the industry is very fragmented," CEO Geraldine Picaud said in a call following the results.

SGS proposed a dividend of 3.20 Swiss francs per share, the same level as last year as it prioritizes acquisitions over returning funds to shareholders.

The company reported sales of 6.95 billion Swiss francs($9.08 billion) for 2025, outperforming analysts' expectations as organic growth helped offset the negative impact from a strong Swiss franc.

For 2026, it said it is aiming for 5% to 7% organic sales growth as well as 5% to 7% additional sales growth from acquisitions.

($1 = 0.7655 Swiss francs)

(Reporting by Tristan Veyet in Gdansk; Editing by Clarence Fernandez, Rashmi Aich and Matt Scuffham)

Key Takeaways

•SGS exceeded 2025 revenue expectations.
•Sales reached 6.95 billion Swiss francs.
•North American sales nearly doubled since 2023.
•SGS proposes a dividend of 3.20 Swiss francs per share.
•Strong Swiss franc had a negative impact.

Frequently Asked Questions about Swiss testing firm SGS to continue acquisitions in 2026

1What is revenue?

Revenue is the total amount of money generated by a company's sales of goods or services before any expenses are deducted.

2What is a dividend?

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits.

3What is organic growth?

Organic growth refers to the growth of a company through increasing output and sales, as opposed to mergers or acquisitions.

SGS's Acquisition Strategy and Financial Performance

By Tristan Veyet

Recent Acquisitions

Financial Results and Growth Projections

In 2025, SGS acquired 19 companies, including its largest ever, US' Applied Technical Services, for $1.33 billion, and has acquired a further six since the beginning of the year.

Dividend Proposal

"We will continue the bolt-on acquisitions at full speed because the industry is very fragmented," CEO Geraldine Picaud said in a call following the results.

SGS proposed a dividend of 3.20 Swiss francs per share, the same level as last year as it prioritizes acquisitions over returning funds to shareholders.

The company reported sales of 6.95 billion Swiss francs($9.08 billion) for 2025, outperforming analysts' expectations as organic growth helped offset the negative impact from a strong Swiss franc.

For 2026, it said it is aiming for 5% to 7% organic sales growth as well as 5% to 7% additional sales growth from acquisitions.

($1 = 0.7655 Swiss francs)

(Reporting by Tristan Veyet in Gdansk; Editing by Clarence Fernandez, Rashmi Aich and Matt Scuffham)

Frequently Asked Questions

1What is revenue?

Revenue is the total amount of money generated by a company's sales of goods or services before any expenses are deducted.

2What is a dividend?

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits.

3What is organic growth?

Organic growth refers to the growth of a company through increasing output and sales, as opposed to mergers or acquisitions.