HONEYWELL INTERNATIONAL INC acquired Air Products' Liquefied Natural Gas Process Technology and Equipment business (LNG) for $1,843 million (approximately $1.8 billion), a transaction completed in September 2024, structured as all cash.
Air Products' Liquefied Natural Gas Process Technology and Equipment business (LNG) operates in Energy and Sustainability Solutions, is based in Global. The liquefied natural gas process technology and equipment business acquired from Air Products, strengthening Honeywell's energy transition portfolio.
Honeywell acquired the LNG business to strengthen the Company's energy transition portfolio.
Expands Honeywell's energy-transition and process-technology offering with established LNG equipment and licensing technology. Honeywell Energy and Sustainability Solutions
On September 30, 2024, the Company acquired 100% of the outstanding equity interests of Air Products' liquefied natural gas process technology and equipment business (LNG), strengthening the Company's energy transition portfolio, for total consideration of $1,843 million, net of cash acquired.Honeywell FY2025 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.