Honeywell Technologies acquires Johnson Matthey’s Catalyst Technologies
Honeywell Technologies has completed its £1.325 billion ($1.8 billion) all-cash acquisition of Johnson Matthey’s Catalyst Technologies business, expanding its capabilities across refining, petrochemicals, and renewable fuels.
Honeywell said the acquisition enables the company to offer a broader end-to-end suite of solutions for industrial customers.
“This acquisition significantly enhances Honeywell Technologies’ ability to deliver end-to-end solutions that help our customers drive efficiency, reduce emissions, and accelerate energy security goals,” added Ken West, President and CEO of Process Technology at Honeywell Technologies. “By combining Johnson Matthey’s differentiated catalyst expertise with our leading technologies and digital capabilities, we are creating a strong platform for future growth while enabling our customers to immediately unlock the benefits of a more robust set of offerings.”
The completion of the deal comes as Honeywell Technologies continues to reshape its business following a series of portfolio changes. The company completed the separation of its Aerospace Technologies business, now operating as Honeywell Aerospace, on 29 June 2026. That followed the spin-off of its Advanced Materials business, Solstice Advanced Materials, in October 2025.
Since 2023, Honeywell Technologies has completed around $11.5 billion in acquisitions aimed at strengthening its technology portfolio. These include Compressor Controls Corporation, SCADAfence, Carrier Global’s Access Solutions business, Air Products’ LNG business, Sundyne, and Li-ion Tamer.
The company has also streamlined its operations through divestments. It completed the sale of its Personal Protective Equipment (PPE) business in 2024 and expects to close the previously announced sales of its Productivity Solutions and Services and Warehouse and Workflow Solutions businesses during the second half of 2026.
