Honeywell has agreed to acquire Johnson Matthey's Catalyst Technologies business for £1.8 billion in cash, aiming to bolster its position in energy transition technologies. This strategic move integrates the UK-based catalyst and process technology provider into Honeywell's Energy and Sustainability Solutions segment. The acquisition expands Honeywell's offerings to include sustainable production technologies like methanol, SAF, blue hydrogen, and blue ammonia, crucial for energy security and global decarbonization efforts. By combining the strengths of both companies, Honeywell gains access to new markets and enhances its ability to cater to the refining and petrochemical industries. With a focus on automation, aviation, and energy transition, Honeywell continues its strategic realignment by reshaping its industrial portfolio. The acquisition aligns with Honeywell's goal to drive organic growth, simplify operations, and strengthen its core capabilities in technology and process automation. This transaction not only expands the ESS division's technology offerings but also aids customers in achieving their decarbonization objectives by providing sustainable production tools. The deal is expected to be finalized in the first half of 2026, pending regulatory approvals, and signifies Honeywell's commitment to accelerating the global energy transition.