Honeywell Technologies has completed its £1.325 billion acquisition of Johnson Matthey’s Catalyst Technologies business.
The deal strengthens refining, petrochemicals and renewable fuels offerings with catalyst, automation and digital capabilities.
It follows Aerospace and Solstice separations, the PPE divestiture and planned sales expected to close in the second half of 2026.
“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 Ken West, president and CEO, Process Technology, Honeywell Technologies.
“By combining Johnson Matthey’s differentiated catalyst expertise with our leading technologies and digital capabilities, we are creating a strong platform for future growth while enabling our customers to immediately unlock the benefits of a more robust set of offerings.”
The completion of this acquisition follows Honeywell Technologies’ separation of its Aerospace Technologies business, which is now an independent public company that operates as Honeywell Aerospace (Nasdaq: HONA) as of June 29, 2026. That separation was preceded by Honeywell Technologies’ spin-off of its Advanced Materials business, Solstice Advanced Materials (Nasdaq: SOLS), on October 30, 2025. Since 2023, the company has completed approximately $11.5 billion of accretive, synergistic acquisitions, including Compressor Controls Corporation, SCADAfence, the Access Solutions business from Carrier Global, the LNG business from Air Products, Sundyne and Li-ion Tamer.
In addition, the company completed the divestiture of its Personal Protective Equipment (PPE) business in 2024 and has announced the sale of its Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, with expected closings in the second half of 2026.
Note: The headline, insights, and image of this press release may have been refined by the ALCHEMPro staff; the rest of the content remains unchanged.
ALCHEMPro News Desk (MS)
