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24 February 2026

Honeywell and JM amend terms of Catalyst takeover

Written by Richard Hands

Honeywell and Johnson Matthey have agreed to amend the agreement for Honeywell’s purchase of JM’s Catalyst Technologies business segment. Honeywell’s payment for the business has been reduced from £1.8 billion ($2.43 billion) to £1.325 billion ($1.8 billion), and the completion date for the transaction has been extended to July 21, 2026, with a possible extension to August 21st if any of the regulatory approvals are not satisfied by then.

Honeywell says that the acquisition of JM’s Catalyst Technologies business synergises with its own Process Technologies and Process Automation businesses, and will: “unlock strategic growth by increasing Honeywell’s installed base and creating a more integrated offering across energy and process technologies; expand Honeywell UOP’s capabilities with the addition of a significant installed base across refining, petrochemical and renewable fuels; and enhance Honeywell’s existing catalyst portfolio with complementary offerings and growth in renewable fuels capabilities.”

Richard Hands

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