Honeywell announced on April 20 that it has reached an agreement to sell its Productivity Solutions and Services (PSS) business to Brady Corporation for $1.4 billion in cash. The transaction is expected to close in the second half of 2026, pending regulatory approvals and customary closing conditions.
The sale is part of Honeywell’s ongoing efforts to simplify its portfolio, following a review of strategic alternatives for both PSS and its Warehouse and Workflow Solutions (WWS) business. This move comes as Honeywell prepares for the planned spin-off of its Aerospace business, which is anticipated to be completed in the third quarter of 2026.
“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,” said Vimal Kapur, Chairman and CEO of Honeywell.
Kapur also said, “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.”
PSS reported revenue of approximately $1.1 billion in 2025 and provides mobile computers, barcode scanners, and printing solutions mainly serving warehouse and logistics markets. It currently operates within Honeywell’s Industrial Automation segment.
Brady Corporation manufactures labels, signs, safety devices, and printing systems used across various industries including electronics manufacturing and aerospace. The acquisition aims to expand Brady’s capabilities in data capture technology as well as workflow automation.
This announcement follows other recent changes at Honeywell such as selling its Personal Protective Equipment business in 2024 along with spinning off Advanced Materials into Solstice Advanced Materials last October. Since 2023 Honeywell has also made about $14 billion worth of acquisitions aimed at driving growth through companies like Compressor Controls Corporation or Civitanavi Systems.
Centerview Partners acted as financial advisor while legal counsel was provided by Kirkland & Ellis LLP along with Baker McKenzie plus Womble Bond Dickinson.
Honeywell stated that future developments related to this transaction remain subject to uncertainties including market conditions or regulatory factors.
