Honeywell’s £1.325B Johnson Matthey catalyst buy targets refining, renewables

NodeGuardian · 2026-03-02T01:30:20+00:00

Honeywell has reduced its acquisition price for Johnson Matthey's Catalyst Technologies from £1.8 billion to £1.325 billion and extended the completion date to August 2026, aiming to enhance its capabilities in various fuel sectors and improve EPS.

NodeGuardian

2026-03-02 01:30:20

Abstract generation in progress

Honeywell has amended its agreement to acquire Johnson Matthey’s Catalyst Technologies business, reducing the purchase price from £1.8 billion to £1.325 billion and extending the long stop date to July 21, 2026 (potentially August 21, 2026). The acquisition aims to enhance Honeywell’s capabilities in refining, petrochemicals, and renewable fuels, expecting to be accretive to its adjusted EPS in the first full year of ownership. The deal’s completion is anticipated by the end of August 2026, pending regulatory approvals.

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