Honeywell to Acquire Johnson Matthey Catalyst Technologies Business

Honeywell announced the acquisition of Johnson Matthey Catalyst Technologies, which is expected to close in the first half of 2026, subject to customary closing conditions, including certain regulatory approvals. The integration expands Honeywell's catalyst and process technology portfolio, enabling the company to offer a broader range of solutions for producing low-emission fuels such as sustainable methanol, sustainable aviation fuel, blue hydrogen and blue ammonia. The combination includes licensed technologies, engineering, services and catalysts for converting hydrocarbons and renewable feedstocks into end products.

"The acquisition of Johnson Matthey's Catalyst Technologies business will expand Honeywell's position as a world-class supplier of critical energy technologies, help drive future growth, and further strengthen our model of integrating process technologies with process automation," said Vimal Kapur, Honeywell Chairman and CEO. "As demand for diverse energy sources continues to grow, we will better enable Honeywell to deliver the innovations our customers need."

Johnson Matthey's Catalyst Technologies business is a leading catalyst manufacturer and process technology licensing provider. The division has approximately 1,900 employees and is headquartered in London, UK, with manufacturing sites in the United States, Europe and India. The acquisition follows Honeywell's announcement of plans to spin off its Aerospace Technologies and Advanced Materials businesses, which will form three publicly traded industry leaders with distinct strategies and growth drivers.

Since December 2023, Honeywell has announced a series of strategic initiatives to drive organic growth and simplify its portfolio, including approximately $11 billion of recently completed or announced accretive acquisitions: the Access Solutions business acquired from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business acquired from Air Products, and Sundyne. In addition, Honeywell has signed an agreement to divest its Personal Protective Equipment business, which is expected to be completed in the second quarter of 2025. Honeywell remains on track to exceed its commitment to invest at least $25 billion in high-return capital expenditures, dividends, opportunistic stock acquisitions and accretive acquisitions by 2025.