Honeywell expands energy transition portfolio with acquisition of Johnson Matthey’s catalyst business

Deal boosts capabilities in sustainable fuels, hydrogen, and ammonia production

Honeywell has agreed to acquire Johnson Matthey’s Catalyst Technologies business in a strategic move that significantly strengthens its position in energy transition technologies. The all-cash transaction, valued at £1.8 billion, will integrate the UK-based catalyst and process technology provider into Honeywell’s Energy and Sustainability Solutions (ESS) segment.

The deal…

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