Press release
HONEYWELL TO ACQUIRE JOHNSON MATTHEY'S CATALYST TECHNOLOGIES BUSINESS, EXPANDING PORTFOLIO OF LEADING CATALYST AND PROCESS TECHNOLOGIES
Unlocks strategic growth by increasing Honeywell's installed base and creating a more integrated offering across catalyst and process technologiesExpands
About this update from Honeywell International Inc.
[{"type":"text","content":"Unlocks strategic growth by increasing Honeywell's installed base and creating a more integrated offering across catalyst and process technologiesExpands Honeywell UOP's capabilities with addition of significant installed base across refining, petrochemical and renewable fuelsEnhances Honeywell's existing catalyst portfolio with complementary offerings and grows renewable fuels capabilitiesAnticipated synergies with both UOP and Honeywell Process Solutions businesses, benefiting from Honeywell's leading aftermarket capabilitiesExpected 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 CHARLOTTE, N.C., May 22, 2025 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that it has agreed to acquire Johnson Matthey's Catalyst Technologies business segment for £1.8 billion in an all-cash transaction, representing approximately 11x estimated 2025 EBITDA, inclusive of tax benefits and run-rate cost synergies. The combination of Johnson Matthey's Catalyst Technologies business with Honeywell's Energy and Sustainability Solutions (ESS) business segment is expected to add attractive high growth vectors to the portfolio and drive significant additional benefits through cost synergies.\n\n \n \n \n \n \n \n\n \nJohnson Matthey's Catalyst Technologies' business model complements Honeywell's existing UOP business of selling catalyst and process technologies and expands its installed base across refining and petrochemical catalysts. In addition, with an expanded portfolio, Honeywell will for the first time be able to offer customers a comprehensive solution for the production of lower emission, critical fuels including sustainable methanol, sustainable aviation fuel (SAF), blue hydrogen and blue ammonia, which enhance energy security and reduce emissions. The resulting offerings will provide licensed technology, engineering, services and catalysts to convert hydrocarbon and renewable feedstocks to high-value end products.\n\"The acquisition of Johnson Matthey's Catalyst Technologies business broadens Honeywell's role as a world-class technology provider of critical energy needed to drive growth into the future – further strengthening our model of combining process technologies and process automation,\" said Vimal Kapur, Chairman a...