Honeywell has announced its agreement to acquire Johnson Matthey’s Catalyst Technologies business segment for £1.8 billion in an all-cash deal, representing approximately 11 times the estimated 2025 EBITDA. The integration of Johnson Matthey’s Catalyst Technologies with Honeywell’s Energy and Sustainability Solutions (ESS) business is expected to yield enhanced growth opportunities and substantial benefits through cost synergies. Honeywell aims to leverage this acquisition to expand its installed base and offer customers a comprehensive solution for producing lower-emission fuels like sustainable methanol, SAF, blue hydrogen, and blue ammonia. Johnson Matthey’s Catalyst Technologies, a catalyst manufacturing and process technology licensing leader with about 1,900 employees, will complement Honeywell's UOP business. This move is in line with Honeywell's strategy of simplifying its portfolio and focusing on high-growth sectors, following recent notable acquisitions and planned divestments. As Honeywell continues its pursuit of organic growth and strategic investments, the acquisition of Johnson Matthey’s Catalyst Technologies signals a step towards strengthening its position as a key energy technology provider. The deal, which is expected to close by the first half of 2026 pending regulatory approvals, reflects Honeywell’s commitment to driving innovation in energy solutions and addressing the evolving demands for diverse energy sources. Through this acquisition, Honeywell aims to offer cost-effective solutions to help businesses transition to high-value, low-emission products, further solidifying its dedication to driving energy security and sustainability in the future.