1769-IR6 Honeywell announced the acquisition of Air Products’ LNG process technology and equipment business
Honeywell and Air Products jointly announced that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in cash. The acquisition amounts to about 13 times the business’s projected 2024 earnings before interest, tax, depreciation and amortisation. 1769-IR6 Following the completion of the transaction, Honeywell will…