Latham & Watkins Advises Honeywell in £1.8 Billion Acquisition of Johnson Matthey’s Catalyst Technologies Business

Honeywell (NASDAQ: HON) announced that it has agreed to acquire Johnson Matthey’s Catalyst Technologies business segment for £1.8 billion in an all-cash transaction. The combination of Johnson Matthey’s Catalyst Technologies business with Honeywell’s Energy and Sustainability Solutions (ESS) business segment is expected to add attractive high growth vectors to the portfolio and drive significant additional benefits for Honeywell through cost synergies. The transaction is expected to close by H1 2026, subject to customary closing conditions, including receipt of certain regulatory approvals.

Latham & Watkins LLP represents Honeywell in the transaction with a cross-border corporate deal team led by Chicago partner Max Schleusener and London partner Richard Butterwick, with associate Harry Redford. The corporate team also included London associates Connie van den Berg and Gemma Cotton and Düsseldorf associate Jakob Baldes. Advice was provided on ESG and EHS matters by London partners Paul Davies and Michael Green; on environmental matters by Washington, D.C. partner Julia Hatcher; on commercial contracts matters by London partner Fiona Maclean; on intellectual property matters by Washington, D.C. partner Morgan Brubaker; on benefits, compensation, and employment matters by London partner Sarah Gadd, Chicago partner Nineveh Alkhas, Bay Area partner Maj Vaseghi, London counsel Shaun Thompson, and Washington, D.C. counsel Laura Szarmach; on tax matters by London partner Helen Lethaby, Hamburg partner Verena Seevers, Century City/Los Angeles partner Pardis Zomorodi, and Century City counsel Eric Song, with associate Richard Liu; on real estate matters by London partner Quentin Gwyer, Chicago counsel Jeffrey Anderson, and Frankfurt counsel Sven Nickel; on antitrust/FDI matters by Washington, D.C. partner Alan Devlin, Frankfurt/Düsseldorf partner Max Hauser, London partner Jonathan Parker, and Frankfurt counsel Nils Bremer; on finance matters by London partner Ross Pooley; on compliance matters by London partner Charles Claypoole and Washington, D.C. partners Andrew Galdes and Joseph Bargnesi; and on insurance matters by Los Angeles partner Drew Levin. Dubai partners Eyad Latif and Omar Maayeh and Beijing counsel Jason Zhao advised on local law matters.