Honeywell to acquire Johnson Matthey Catalyst Technologies from Johnson Matthey for £1.8bn.

Honeywell, a company specializing in industrial automation and energy solutions, agreed to acquire Johnson Matthey Battery Systems, a developer, designer and producer of advanced lithium-ion battery systems, from Johnson Matthey, an international speciality chemicals company, for £1.8bn ($2.4bn). "The acquisition of Johnson Matthey's Catalyst Technologies business broadens Honeywell's role as a world-class technology provider of critical energy needed to drive growth into the future – further strengthening our model of combining process technologies and process automation. As demand for diversified sources of energy continues accelerating, we will better enable Honeywell to offer the innovation our customers need," Vimal Kapur, Honeywell Chairman and CEO.