The latest announcement is out from Air Products and Chemicals ( (APD) ).
Air Products and Chemicals, Inc. has finalized the sale of its LNG technology and equipment segment to Honeywell for $1.81 billion, marking a strategic move to hone their focus on industrial gases and their clean hydrogen growth strategy. This decision emphasizes Air Products’ commitment to driving the energy transition and reducing carbon emissions. The transaction included the transfer of key assets, intellectual property, and around 475 employees to Honeywell, positioning Air Products to further capitalize on its sustainability-driven growth pillars.
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