ABB Ltd (SWX:ABBN) agreed to acquire Siemens' Wiring Accessories business in China from Siemens Aktiengesellschaft (XTRA:SIE) on May 17, 2024. Siemens' Wiring Accessories business in China reported revenue of more than $150 million in 2023. The deal is expected to close within twelve months.

The consummation of the transaction is subject to customary regulatory approvals. Stephanie Hundertmark, Xiaoguang Cai, Helmut Bergmann, Ninette Dodoo, Norbert Schneider, Klaus-Stefan Hohenstatt, Philipp Dohnke, Mariusz Motyka-Mojkowski, Natascia Rubinic and Valérie Marchand of Freshfields Bruckhaus Deringer Rechtsanwälte Steuerberater PartG mbB and Xin Liu of Freshfields Bruckhaus Deringer LLP, Hong Kong acted as legal advisor to ABB Ltd.