Honeywell Stock Rises After $1.8B Liquified Natural Gas Technology Deal
Air Products and Chemicals(APD) Investopedia·2024-07-11 00:31
Key TakeawaysHoneywell said it would acquire the liquified natural gas process technology and equipment business from Air Products & Chemicals for $1.81 billion.Central to the deal are Air Products' coil-wound heat exchangers, which provide high throughput of natural gas.The acquisition is Honeywell's fourth announced deal this year. Honeywell (HON) is continuing to shop for deals, announcing plans Wednesday to buy the liquified natural gas (LNG) process technology and equipment business from Air Products & ...