July 10 (Reuters) – Honeywell (HON.O), opens new tab said on Wednesday it would buy Air Products’ (APD.N), opens new tab liquefied natural-gas process technology and equipment business for $1.81 billion in cash, marking the industrial giant’s fourth acquisition this year.
The deal would complement Honeywell’s LNG pretreatment business by adding technologies such as heat exchangers and cryogenic equipment to its portfolio amid growing demand for the fuel in key end-markets including power and data centers.
Source: REUTER
