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Market
Will Honeywell's acquisition of Air Products' LNG business close by September 30, 2024?
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Official press release from Honeywell or Air Products
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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