HONEYWELL TO SELL PRODUCTIVITY SOLUTIONS AND SERVICES BUSINESS TO BRADY CORPORATION
PR Newswire • • business
Key Points:
- Honeywell has agreed to sell its Productivity Solutions and Services (PSS) business to Brady Corporation for $1.4 billion in an all-cash deal, expected to close in the second half of 2026 pending regulatory approvals.
- This divestiture is part of Honeywell's ongoing portfolio simplification ahead of the planned spin-off of its Aerospace business, targeted for completion in Q3 2026.
- PSS, with 2025 revenues of approximately $1.1 billion, provides mobile computers, barcode scanners, and printing solutions for warehouse and logistics markets and is currently part of Honeywell's Industrial Automation segment.
- Brady Corporation aims to enhance its industrial and logistics offerings through the acquisition, expanding capabilities in data capture, mobile computing, and workflow automation to create a more integrated productivity and safety platform.
- The transaction follows Honeywell's recent strategic moves, including the divestiture of its PPE business in 2024 and the spin-off of its Advanced Materials business in 2025, as part of a broader effort to focus on core businesses and drive value creation.
