Honeywell spinoff Solstice to acquire Element Solutions in $14.5B deal to expand AI infrastructure business
Source: TechStartups.com ยท 2026-07-06
The race to build the infrastructure behind artificial intelligence is driving another multibillion-dollar acquisition. Solstice Advanced Materials, the specialty chemicals company spun off from Honeywell, has agreed to acquire Element Solutions in a cash-and-stock transaction valued at about $14.5 billion, creating a larger supplier of materials used across semiconductor manufacturing, electronics, and AI data centers.
The race to build the infrastructure behind artificial intelligence is driving another multibillion-dollar acquisition. Solstice Advanced Materials, the specialty chemicals company spun off from Honeywell, has agreed to acquire Element Solutions in a... [3355 chars]