Completion of the acquisition of Cormetech

Summary by AI BETAClose X

Johnson Matthey Plc has completed the acquisition of CORMETECH Inc., a move that, along with the sale of Catalyst Technologies on July 17, 2026, significantly reshapes its portfolio. This strategic repositioning aims to transform Johnson Matthey into a lean, focused, and cash-generative business centered on platinum group metal chemistry and emissions control. The integration of Cormetech into the Clean Air Solutions business is expected to create a global leader in stationary emissions control, particularly targeting the growing data centre market, thereby enhancing the group's ability to deliver sustainable cash generation and shareholder returns.

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