SGS plans to maintain acquisition momentum following strong annual results
The Swiss testing firm reported better than expected annual sales. It now plans to continue its aggressive expansion strategy through 2026 with acquisitions.
Insights:
SGS announced on Wednesday, February 11, 2026, that it will continue its acquisition-led growth strategy throughout the year, following full-year 2025 results that exceeded analyst expectations. The Switzerland 
CH based testing and inspection sector leader has decided to prioritize capital allocation toward bolt-on acquisitions, maintaining its dividend at 3.20 Swiss francs. This strategic capital-allocation choice supports the company’s ambitious growth plan in an industry described by management as very fragmented.
CH based testing and inspection sector leader has decided to prioritize capital allocation toward bolt-on acquisitions, maintaining its dividend at 3.20 Swiss francs. This strategic capital-allocation choice supports the company’s ambitious growth plan in an industry described by management as very fragmented.The group’s decision to continue its expansion follows a high volume of prior deals in 2025, during which it completed 19 acquisitions. This included a major $1.33 billion purchase of Applied Technical Services , which significantly expanded its presence in the United States 
US. The momentum has carried into the current year, with the company already reporting that it has finalized six further acquisitions since the start of 2026.
US. The momentum has carried into the current year, with the company already reporting that it has finalized six further acquisitions since the start of 2026.
