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Honeywell To Acquire Johnson Matthey's Catalyst Technologies For £1.8B, Expanding Energy And Sustainability Portfolio

Benzinga·05/22/2025 06:23:07
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  • Unlocks strategic growth by increasing Honeywell's installed base and creating a more integrated offering across catalyst and process technologies
  • Expands Honeywell UOP's capabilities with addition of significant installed base across refining, petrochemical and renewable fuels
  • Enhances Honeywell's existing catalyst portfolio with complementary offerings and grows renewable fuels capabilities
  • Anticipated synergies with both UOP and Honeywell Process Solutions businesses, benefiting from Honeywell's leading aftermarket capabilities
  • Expected to be accretive to Honeywell's adjusted EPS in the first full year of ownership and to add attractive high growth vectors with runway for material cost synergies