Honeywell ($HON) Acquires Air Products' LNG Business for $1.8 Billion: WSJ

Jul 10, 2024, 10:01 AM

Honeywell has announced a $1.8 billion acquisition of Air Products' liquefied natural gas (LNG) process technology and equipment business. This marks Honeywell's fourth acquisition in recent months, as the company aims to capitalize on the booming demand for LNG. The deal, reported by the Wall Street Journal (WSJ), underscores Honeywell's strategic move to strengthen its position in the growing LNG market. Honeywell's stock symbol is $HON.