HONEYWELL INTERNATIONAL INC acquires Air Products' Liquefied Natural Gas Process Technology and Equipment business (LNG)
Snapshot
HONEYWELL INTERNATIONAL INC acquired Air Products' Liquefied Natural Gas Process Technology and Equipment business (LNG) for $1,843 million (approximately $1.8 billion) in September 2024. The transaction was structured as all cash. Air Products' Liquefied Natural Gas Process Technology and Equipment business (LNG) is a Global-based Energy and Sustainability Solutions business.
- Acquirer
- HONEYWELL INTERNATIONAL INC
- Target
- Air Products' Liquefied Natural Gas Process Technology and Equipment business (LNG)
- Value
- $1,843 million (approximately $1.8 billion)
- Date
- September 2024
- Type
- full acquisition (carve-out)
- Status
- ready
The deal at a glance
About this deal
HONEYWELL INTERNATIONAL INC acquired Air Products' Liquefied Natural Gas Process Technology and Equipment business (LNG) for $1,843 million (approximately $1.8 billion), a transaction completed in September 2024, structured as all cash.
Air Products' Liquefied Natural Gas Process Technology and Equipment business (LNG) operates in Energy and Sustainability Solutions, is based in Global. The liquefied natural gas process technology and equipment business acquired from Air Products, strengthening Honeywell's energy transition portfolio.
Honeywell acquired the LNG business to strengthen the Company's energy transition portfolio.
Expands Honeywell's energy-transition and process-technology offering with established LNG equipment and licensing technology. Honeywell Energy and Sustainability Solutions
No advisory firms have been disclosed for this transaction.