Honeywell to Acquire UK-Based Johnson Matthey Unit in $2.4B Energy Deal

Honeywell to acquire UK-based Johnson Matthey unit in $2.4B energy deal

Charlotte-based Honeywell will buy Johnson Matthey’s Catalyst Technologies business for $2.4 billion, adding key energy tech to its sustainability portfolio. The deal boosts Honeywell’s push into low-emission fuels and continues CEO Vimal Kapur’s $11B acquisition spree since late 2023.

Johnson Matthey confirms £1.8bn sale of sustainable aviation fuels business

The deal with Honeywell International includes its involvement in a project in Teesside with Willis Sustainable FuelsJohnson Matthey confirmed it had agreed sale of its Catalyst Technologies division to Honeywell International as its hydrogen business faced write downs.

Honeywell to Buy Johnson Matthey’s Catalyst Business for $2.4 Billion

Honeywell International Inc. agreed to buy Johnson Matthey Plc’s catalyst technology business for an enterprise value of about £1.8 billion ($2.4 billion) in cash.

Honeywell close to securing Johnson Matthey catalyst unit in £1.8bn deal

Tie-up would mark the latest acquisition of a UK asset by a US group

Johnson Matthey to unveil £1.5bn-plus sale amid activist pressure

The London-listed industrial group, which is under pressure from an activist investor, will unveil a deal on Thursday to sell one of its four main divisions for between £1.5bn and £2bn, Sky News learns.

Honeywell to acquire Johnson Matthey's Catalyst Technologies for $2B

Johnson Matthey's Catalyst Technologies' business model complements Honeywell's existing UOP business of selling catalyst and process technologies and expands its installed base across refining and petrochemical catalysts.