- Strengthens Honeywell Technologies’ portfolio across refining, petrochemicals and renewable fuels, expanding the company’s process technology leadership
  - Enhances end-to-end solutions combining catalysts, process technologies and digital capabilities powered by Honeywell Technologies Forge
  - Transaction expected to drive growth and expand global installed base

Honeywell Technologies (NASDAQ: HON) today announced the completion of its acquisition of Johnson Matthey’s Catalyst Technologies business for £1.325 billion in an all-cash transaction. This deal strengthens the company’s portfolio across refining, petrochemicals and renewable fuels.

Honeywell Technologies will now have a more comprehensive, end-to-end offering for customers across energy and process technologies, further enhanced by its existing automation and digital solutions. This acquisition also expands the company’s vast global installed base and enhances its ability to serve customers across a broader range of applications. The strengthened portfolio underscores Honeywell Technologies’ commitment to delivering innovative, integrated solutions that drive operational excellence, improve efficiency and enhance performance across the industrial value chain.

“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.

About Honeywell Technologies

Honeywell Technologies is a global, pure-play automation company with a legacy of innovating to help solve the world’s most mission-critical challenges, enhancing the quality of life for people and communities around the world. We serve the building, industrial, and process sectors with a broad portfolio of services, solutions, and products, underpinned by our Honeywell Technologies Accelerator operating system and Honeywell Technologies Forge intelligence layer. By combining the deep domain expertise of our more than 50,000 employees with decades of data from our global installed base, we are uniquely positioned to lead the industrial sector’s transition from automation to autonomy.

About Johnson Matthey

Johnson Matthey (JM) is a world leader in platinum group metals (PGMs). For over 200 years, we have used advanced metals chemistry to tackle the world's biggest challenges.

Many of the world's leading energy, chemicals and automotive companies depend on our technology and expertise to decarbonise, reduce harmful emissions and improve their sustainability.

And now, as the world faces the challenges of climate change, energy supply and resource scarcity, we are actively providing solutions for our customers – metals that matter, for a healthier world.