Honeywell completes £1.325 billion Catalyst acquisition

• Honeywell completed its £1.325 billion all-cash acquisition of Johnson Matthey’s Catalyst Technologies business.
• Honeywell shares were up 1.56% at $226.33 following the announcement.
• Honeywell said the transaction expands its refining, petrochemical and renewable-fuels technology portfolio.

Honeywell Technologies (NASDAQ:HON) completed its £1.325 billion all-cash acquisition of Johnson Matthey’s Catalyst Technologies business.

The price was cut from £1.8 billion after deferred licensing projects and weaker catalyst profitability affected the unit’s 2025/26 performance.

“This acquisition significantly enhances Honeywell Technologies’ ability to deliver end-to-end solutions that help our customers drive efficiency, reduce emissions and accelerate energy security goals,” said Honeywell Technologies Process Technology President and CEO Ken West.

Honeywell said the deal combines catalysts, process technology and Forge-powered digital tools while expanding its global installed base.

Following the announcement, Honeywell Technologies' share price was up 1.56% at $226.33.

The closing follows the June 29 spin-off of Honeywell Aerospace (NASDAQ:HONA) and Solstice Advanced Materials’ (NASDAQ:SOLS) October 2025 separation.

Honeywell has also added Sundyne, Carrier’s Access Solutions, Air Products’ LNG business and Li-ion Tamer while selling noncore operations.