Honeywell announced it has agreed to sell its Productivity Solutions and Services (PSS) business to Brady Corporation for $1.4 billion in an all-cash transaction.
The deal is expected to close in the second half of 2026, subject to regulatory approvals and customary conditions, and represents a key step in Honeywell’s ongoing portfolio simplification strategy.
The divestiture follows a strategic review initiated in July 2025 and aligns with Honeywell’s broader plan to streamline operations ahead of the planned spin-off of its Aerospace business, which remains on track for completion in the third quarter of 2026. The company is also continuing to evaluate strategic alternatives for its Warehouse and Workflow Solutions business.
PSS, which generated approximately $1.1 billion in revenue in 2025, provides mobile computers, barcode scanners, and printing solutions for warehouse and logistics operations. The business is currently part of Honeywell’s Industrial Automation segment.
For Brady, the acquisition strengthens its capabilities in data capture, mobile computing, and workflow automation, expanding its footprint in industrial and logistics markets. The combination is expected to create a more integrated offering across productivity, safety, and identification solutions for customers.
The transaction builds on a series of portfolio actions by Honeywell, including the divestiture of its personal protective equipment business in 2024 and the spin-off of its advanced materials business in 2025, as well as a number of strategic acquisitions aimed at enhancing growth and operational focus.
The move underscores Honeywell’s efforts to sharpen its focus on core businesses while positioning itself for the separation into two independent, industry-leading public companies.
KEY QUOTES:
“With the PSS divestiture, we are nearing completion of our multi-year portfolio transformation, further accelerating value creation as we prepare to separate our Aerospace and Automation businesses into two independent industry leading public companies. The sale also enables us to continue strengthening our financial and operational focus on the company’s core businesses.”
“Going forward, PSS will benefit from Brady’s highly complementary and specialized leadership in industrial identification and safety, creating a broader, more integrated offering for warehouse, logistics and manufacturing customers.”
Vimal Kapur, Chairman And CEO, Honeywell
