Honeywell (HON) announced that it has agreed to acquire Johnson Matthey’s Catalyst Technologies business segment for GBP 1.8B in an all-cash transaction, representing approximately 11x estimated 2025 EBITDA, inclusive of tax benefits and run-rate cost synergies. Honeywell’s acquisition of Johnson Matthey’s Catalyst Technologies business segment is expected to close by 1H 2026, subject to customary closing conditions, including receipt of certain regulatory approvals.
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