Honeywell to acquire air products' liquefied natural gas process technology and equipment business to expand energy transition solutions and services

Acquisition will build on honeywell's energy transition capabilities by creating an end-to-end offering for customers worldwide  the combination will create new opportunities for diversified growth and innovation in aftermarket services and software transaction is expected to be immediately accretive to honeywell's sales growth and segment margin while also accretive to adjusted eps in the first full year of ownership air products to continue its focus on its industrial gas business and related technology and equipment and driving the energy transition through clean hydrogen at scale  charlotte, n.c. , july 10, 2024 /prnewswire/ -- honeywell (nasdaq: hon) and air products (nyse:apd) jointly announced today that honeywell has agreed to acquire air products' liquefied natural gas (lng) process technology and equipment business for $1.81 billion in an all-cash transaction.
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