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What will Honeywell report as the primary benefit of the Air Products' LNG business acquisition by the end of 2024?
2
Resolution / Starting Odds
Increased revenue • 25%
Enhanced energy transition portfolio • 25%
Expanded market share • 25%
Cost savings • 25%
Official statements or reports from Honeywell
Story
Honeywell Acquires Air Products' LNG Business for $1.81 Billion in Cash
Jul 10, 2024, 11:07 AM
Honeywell has announced a $1.81 billion cash acquisition of Air Products' liquefied natural gas (LNG) process technology and equipment business. This marks Honeywell's fourth acquisition in 2024. The deal includes coil-wound heat exchangers and related equipment, and is expected to enhance Honeywell's energy transition portfolio. The transaction is expected to close soon as LNG production is anticipated to boom.
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