ABB Completes Divestment of UK Technical Engineering Consultancy Business to TÜV Rheinland

Summary

ABB has completed the divestment of its UK technical engineering consultancy business, part of its Energy Industries division, to TÜV Rheinland, following a strategic portfolio review. The financial terms of the transaction have not been disclosed.

ABB’s consultancy business, which complements TÜV Rheinland’s existing risk, safety and integrity management services, has been integrated into the Industrial Services and Cybersecurity business of TÜV Rheinland in the UK.

ABB’s UK technical engineering consultancy, including a network of subcontractors and associates, has around 160 people operating from two main sites in northeast and northwest England. A specialist team of technical experts helps global energy customers improve process safety, equipment and asset integrity as well as technical design for new and existing industrial plants.

About ABB

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation.

About TÜV Rheinland

TÜV Rheinland stands for safety and quality in virtually all areas of business and life. The company has been operating for more than 150 years and ranks among the world’s leading testing service providers. It has more than 20,000 employees in over 50 countries and generates annual revenues of around 2.1 billion euros. The highly qualified experts of TÜV Rheinland test technical systems and products around the world, support innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In doing so, the independent experts generate trust in products as well as processes across global value-adding chains and the flow of commodities. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption.