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Johnson Matthey

Asset SaleDetected 13h ago

Johnson Matthey sold its Catalyst Technologies business to Honeywell for 1.325 billion pounds sterling.

Why it matters for sellers

Divestiture = restructuring and refocus budgets

Signal details

Counterparty
Honeywell
Reported
July 24, 2026
Source
inspenet.com

From the coverage · inspenet.com

325 billion pounds sterling in an all-cash transaction that strengthens its position in the market for technologies for refining, petrochemicals, and low-emission fuel production. With this addition, the company expands its portfolio of process technologies by integrating catalyst development capabilities with its industrial automation, process control, and digital solutions platforms, offering a more comprehensive proposal for energy and industrial plant operators. According to Honeywell, the acquisition also increases its global installed base and expands opportunities for technical services and support throughout the asset lifecycle.

The acquired business brings technologies used in processes where catalysts play a fundamental role in increasing the efficiency of chemical reactions, improving production yields, and reducing energy consumption. These solutions have applications in refining units, petrochemical production, hydrogen, renewable fuels, and highly complex industrial processes. The integration will allow combining Honeywell's process design, catalysts, instrumentation, and digital tools within a single technological platform. The operation is part of a strategy initiated in recent years to focus the business on higher value-added industrial technologies.

5 billion dollars, incorporating companies specializing in automation, industrial cybersecurity, compressor control, LNG technologies, lithium-ion battery monitoring, and industrial pumping equipment. At the same time, the company has executed several divestitures and corporate spin-offs, including the separation of Honeywell Aerospace as an independent company and the spin-off of Solstice Advanced Materials, orienting its structure towards specialized businesses with greater growth potential. The incorporation of Catalyst Technologies expands Honeywell's capacity to address projects related to traditional and low-emission fuels.

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