ABB has announced it has signed an agreement to divest its UK technical engineering consultancy business, a technical engineering consultancy part of its Energy Industries division, to TÜV Rheinland.
The transaction is expected to close in Q2 2023. The financial terms of the transaction will not be disclosed. ABB’s UK technical engineering consultancy including a network of subcontractors and associates has around 160 people operating from two main sites in the northeast and the northwest of England. ABB’s technical engineering consultancy will be integrated into the Industrial Services and Cybersecurity business of TÜV Rheinland in the UK. The combined business will create a scalable, broad-based technical engineering provider delivering a full-service offer to the high hazard industries, supporting customers in the energy transition and energy security.