Honeywell has announced its acquisition of Johnson Matthey's Catalyst Technologies business for £1.8 billion to enhance its portfolio in catalyst manufacturing and process technologies, focusing on sustainable energy solutions.

Target Information

Honeywell, a global leader in automation and technology, recently announced the acquisition of Johnson Matthey's Catalyst Technologies business segment for £1.8 billion. This all-cash transaction is valued at approximately 11 times the estimated EBITDA for 2025, including anticipated tax benefits and cost synergies. The Catalyst Technologies division is recognized as a premier provider of catalyst manufacturing and process technology licensing, significantly enhancing Honeywell UOP's capabilities in the refining, petrochemical, and renewable fuels sectors, while expanding its existing installed base of catalyst offerings.

The integration of Johnson Matthey's Catalyst Technologies into Honeywell's Energy and Sustainability Solutions (ESS) segment is expected to yield comprehensive solutions focused on producing lower emission fuels. These include sustainable aviation fuel (SAF), sustainable methanol, blue hydrogen, and blue ammonia. The merger aims to combine cutting-edge technology with existing capabilities to deliver innovative strategies for transitioning hydrocarbon and renewable feedstocks into high-value end products.

Industry Overview

The catalyst manufacturing industry plays a critical role globally as the demand for cleaner and more efficient energy sources intensifies. In the United Kingdom, Johnson Matthey stands as a stalwart in promoting sustainability through catalyst technology. The UK market is