Honeywell Technologies completes acquisition of Johnson Matthey Catalyst Technologies
- Honeywell Technologies acquired Johnson Matthey’s Catalyst Technologies business for £1.325 billion in an all-cash transaction.
- The purchase broadens Honeywell’s catalyst portfolio across refining, petrochemicals and renewable fuels and pairs catalyst expertise with Honeywell’s automation and digital capabilities.
- The acquisition increases Honeywell’s global installed base and is positioned to help customers drive efficiency, reduce emissions and support energy security goals.
- The transaction follows corporate moves including the June 29, 2026 separation of Aerospace, the October 30, 2025 spin-off of Solstice Advanced Materials, about $11.5 billion of acquisitions since 2023, a 2024 PPE divestiture, and planned H2 2026 sales of Productivity Solutions and Warehouse and Workflow Solutions.
Transaction
Honeywell Technologies completed the acquisition of Johnson Matthey’s Catalyst Technologies business for £1.325 billion in an all-cash transaction.
Strategic rationale
The deal expands Honeywell’s catalyst portfolio across refining, petrochemicals and renewable fuels and combines Johnson Matthey’s catalyst expertise with Honeywell’s automation and digital solutions to create a more comprehensive end-to-end offering. Honeywell said the acquisition expands its global installed base and its ability to serve a broader range of applications.
Corporate context
The closing follows Honeywell Technologies’ separation of its Aerospace business, which became an independent public company as Honeywell Aerospace on June 29, 2026, and the earlier spin-off of Solstice Advanced Materials on October 30, 2025. Since 2023 the company has completed approximately $11.5 billion of acquisitions, divested its Personal Protective Equipment business in 2024, and announced the sale of its Productivity Solutions and Services and Warehouse and Workflow Solutions businesses with expected closings in the second half of 2026.
Source: Honeywell