HONEYWELL INTERNATIONAL INC acquired Johnson Matthey's Catalyst Technologies business for 1.8 billion British pounds (all-cash; subsequently amended in February 2026 to 1.325 billion British pounds), a transaction announced in May 2025, structured as All-cash.
Johnson Matthey's Catalyst Technologies business operates in Process Automation and Technology. On May 22, 2025 Honeywell announced a definitive agreement to acquire Johnson Matthey's Catalyst Technologies business segment in an all-cash transaction for 1.8 billion British pounds. On February 23, 2026 Honeywell entered into an amended agreement that adjusted the total consideration to 1.325 billion British pounds and extended the long stop date to July 21, 2026, with completion anticipated by the end of August 2026, subject to customary closing conditions including regulatory approvals. The acquired business will be reported within Honeywell's Process Automation and Technology reportable business segment.
The acquisition expands Honeywell's portfolio of leading catalyst and process technologies, allowing it to offer a comprehensive solution for the production of lower-emission critical fuels including sustainable methanol, sustainable aviation fuel, blue hydrogen, and blue ammonia.
Advisory firms were not disclosed for this transaction.