Honeywell has amended its agreement to acquire Johnson Matthey's Catalyst Technologies business segment, which adjusts the total consideration from $US2.44 billion to $US1.68 billion.
The amendment extends the closing date to August, 2026.
The acquisition was first announced in May, 2025 providing Honeywell with a more integrated offering across energy and process technologies.
It will also enhance Honeywell's existing catalyst portfolio with complementary offerings.
In a statement Honeywell said it willl: "Create synergies with Honeywell's Process Technologies and Process Automation businesses, benefiting from the companies' leading aftermarket capabilities.
“As the parties work to meet the remaining conditions for closing, Honeywell will continue pre-existing commercial collaborations with Johnson Matthey to drive strong value for customers around the world, building on their long track record of successful teaming.”