Honeywell acquires Johnson Matthey Catalyst
Analysis based on 7 articles · First reported Jul 17, 2026 · Last updated Jul 22, 2026
The acquisition is expected to enhance Honeywell' growth prospects by expanding its global installed base and end-to-end offerings in energy and process industries. The deal is accretive and synergistic, likely boosting Honeywell's revenue and market share in catalyst-driven industrial markets.
Honeywell completed its acquisition of Johnson Matthey's Catalyst Technologies business for £1.325 billion ($1.8 billion) in an all-cash transaction. The deal strengthens Honeywell's portfolio across refining, petrochemicals, and renewable fuels, combining Johnson Matthey's catalyst expertise with Honeywell's process technologies, automation, and digital solutions. This acquisition is part of Honeywell's strategy to become a pure-play automation company, following the separations of Honeywell — Honeywell Aerospace and Solstice Advanced Materials. Since 2023, Honeywell has completed approximately $11.5 billion in acquisitions and divested several non-core businesses.
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