Honeywell has announced an amended agreement to acquire Johnson Matthey’s Catalyst Technologies business segment. The revised deal reduces the total consideration from £1.8 billion to £1.325 billion and extends the long stop date for completion to July 21, 2026. If certain conditions are met and regulatory approvals are not satisfied by that date, the deadline may be extended further to August 21, 2026.
The combination of Johnson Matthey’s Catalyst Technologies business with Honeywell’s Process Technologies capabilities is expected to strengthen Honeywell’s offerings in this sector. Both companies will continue their existing commercial collaborations as they work towards meeting the remaining conditions for closing.
According to Honeywell, “Completion of the transaction is anticipated by the end of August 2026, subject to customary closing conditions, including receipt of certain regulatory approvals. The acquisition is expected to be accretive to Honeywell’s adjusted earnings per share in the first full year of ownership.”
Honeywell serves a wide range of industries globally and offers solutions in aerospace, building automation, industrial automation, process automation, and process technology. The company encourages investors to monitor its Investor Relations website for updates on disclosures and material information.
The statement also includes caution regarding forward-looking statements related to this transaction and other planned business activities. Honeywell notes that these statements are based on management’s current expectations but are subject to risks such as macroeconomic changes, supply chain disruptions, capital markets volatility, inflation, and geopolitical factors.
For more information about Honeywell’s business activities and updates on this acquisition, visit www.honeywell.com/newsroom or its Investor Relations page at www.honeywell.com/investor.
