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ABB sells UK technical consultancy to TÜV Rheinland

05 January, 2023

ABB is selling its UK technical engineering consultancy business, part of its Energy Industries division, to TÜV Rheinland. The terms of the transaction are not being disclosed.

The 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. Its experts help energy users to improve process safety, equipment and asset integrity, as well as producing designs for new and existing industrial plants.

“This divestment follows a two-year strategic review of our portfolio and aims to accelerate the continued growth of the business,” says Troy Stewart, head of ABB Energy Industries UK. “TÜV Rheinland is an excellent new home for the technical engineering consultancy business, where it can realize its exciting growth opportunity and create customer value.

TÜV Rheinland plans to integrate the consultancy into its Industrial Services and Cybersecurity business in the UK. The combined operation will create a broad-based technical engineering provider for hazardous industries, supporting customers in their energy transitions and security.

“We look forward to creating growth, stability and opportunity at a time where we are seeing increased demand for sustainability, decarbonisation and business continuity,” says TÜV Rheinland UK’s managing director, Gareth Book. “ABB’s UK technical engineering consultancy will complement the existing risk, safety and integrity management services provided by TÜV Rheinland. Our aim is to build upon the long-standing customer relationships and trust that ABB and TÜV Rheinland have established in the UK over the last two decades.”

The transaction is expected to close in the second quarter of 2023.

ABB:  Twitter  LinkedIn  Facebook

TÜV RheinlandLinkedIn

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