Honeywell to acquire Air Products' LNG process technology and equipment business for $1.81B

Honeywell agreed to acquire Air Products' liquefied natural gas process technology and equipment business, including coil-wound heat exchanger manufacturing, for $1.81 billion in cash, about 13x estimated 2024 EBITDA.

“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.”honeywell.com

• 2 sources
• honeywell.comHoneywell To Acquire Air Products Liquefied Natural Gas Process Technology And Equipment Business To Expand Energy Transition Solutions And ServicesJul 9, 2024
• worldoil.comHoneywell to acquire Air Products’ LNG business for $1.81 billion in a bet on natural gasJul 11, 2024

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