# 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.

- Type: Acquisition
- Announced: 2024-07-10
- Value: $1.81B
- Status: announced
- Products: LNG process technology, coil-wound heat exchangers, LNG equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Air Products](https://endata.com/companies/299.md) (partner)
- [Air Products](https://endata.com/companies/299.md) (target)
- [Honeywell](https://endata.com/companies/621.md) (acquirer)

## Sources

- [honeywell.com](https://www.honeywell.com/us/en/news/press-releases/2024/07/honeywell-to-acquire-air-products-liquefied-natural-gas-process-technology-and-equipment-business-to-expand-energy-transition-solutions-and-services), 2024-07-09: "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."
- [worldoil.com](https://www.worldoil.com/news/2024/7/11/honeywell-to-acquire-air-products-lng-business-for-1-81-billion-in-a-bet-on-natural-gas/), 2024-07-11: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.