TÜV Rheinland AG signed an agreement to acquire UK technical engineering consultancy business from ABB Ltd (SWX:ABBN) on December 9, 2022. ABB's technical engineering consultancy will be integrated into the Industrial Services and Cybersecurity business of TUV Rheinland in United Kingdom. The transaction is expected to close in Q2 2023.

Malcolm Wren and Jamie Berry of PWC UK and Michael Huber of PWC Switzerland provided financial advisory to ABB Ltd.