Honeywell Acquires Air Products' LNG Unit for $1.81 Billion

This marks Honeywell's fourth major acquisition this year, enhancing its energy transition portfolio.

The acquisition includes Air Products' coil-wound heat exchangers and cryogenic equipment.
Honeywell aims to integrate these technologies into its existing LNG pretreatment business.
The deal is expected to boost Honeywell's adjusted earnings per share in the first full year.
475 employees from Air Products' LNG division will join Honeywell.
Honeywell's stock rose over 1% following the announcement.