M&A Deal Summary

Honeywell Acquires Johnson Matthey - Catalyst Technologies Business

On May 22, 2025, Honeywell acquired manufacturer Johnson Matthey - Catalyst Technologies Business from Johnson Matthey for 1.8B GBP

Acquisition Highlights
  • This is Honeywell’s 11th transaction in the Manufacturing sector.
  • This is Honeywell’s 5th largest (disclosed) transaction.
  • This is Honeywell’s 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2025-05-22
Target Johnson Matthey - Catalyst Technologies Business
Sector Manufacturing
Buyer(s) Honeywell
Sellers(s) Johnson Matthey
Deal Type Divestiture
Deal Value 1.8B GBP

Target

Johnson Matthey - Catalyst Technologies Business

London, United Kingdom
Johnson Matthey's Catalyst Technologies Business is a provider of catalyst manufacturing and process technology licensing.

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Buyer(S) 1

Buyer

Honeywell

Charlotte, North Carolina, United States

Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 38.5B USD (2024)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 86 of 88
Sector: Manufacturing M&A 11 of 11
Type: Divestiture M&A Deals 13 of 15
Country: United Kingdom M&A 6 of 6
Year: 2025 M&A 2 of 4
Size (of disclosed) 5 of 36
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-04 Sundyne

Arvada, Colorado, United States

Sundyne is a manufacturer of precision-engineered, highly reliable, safe, and efficient centrifugal pumps and compressors for use in the hydrocarbon processing, chemical processing, power generation, industrial, and high-pressure water applications. Sundyne was established in 1970 and is based in Arvada, Colorado.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-01 Nexceris - Li-ion Tamer Business

Lewis Center, Ohio, United States

Nexceris' Li-ion Tamer Business provides an off-gas detection solution for lithium-ion (li-ion) batteries that detects thermal runaway events.

Buy -

Seller(S) 1

SELLER

Johnson Matthey

London, United Kingdom

Category Company
Founded 1817
Sector Chemicals
Employees10,644
Revenue 11.7B GBP (2025)
DESCRIPTION

Johnson Matthey is a specialty chemicals company underpinned by science, technology, and our people. A leader in sustainable technologies, many of our products enhance the quality of life for millions worldwide. Johnson Matthey was founded in 1817 and is based in London, England.


DEAL STATS #
Overall 11 of 11
Sector: Manufacturing M&A 1 of 1
Type: Divestiture M&A Deals 11 of 11
Country: United Kingdom M&A 6 of 6
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Medical Device Components

San Diego, California, United States

Medical Device Components develops and manufactures miniature components for minimally invasive medical devices used in high-growth clinical specialties. It focuses on complex and high-precision components made from Platinum Group Metals and Nitinol, with decades of expertise in the metallurgy, micro-machining, and coating of these specialty alloys. Medical Device Components is based in San Diego, California.

Sell £550M