Honeywell announced on April 20 that 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, pending regulatory approvals and customary closing conditions.
The sale comes as Honeywell continues a strategic review of its portfolio, including the planned spin-off of its Aerospace business set for completion in the third quarter of 2026. The company said it remains engaged in assessing options for its Warehouse and Workflow Solutions (WWS) business, which operates under the Intelligrated and Transnorm brands.
“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 approximately $1.1 billion in revenue for 2025 as a provider of mobile computers, barcode scanners, and printing solutions serving warehouse and logistics markets. It is currently part of Honeywell’s Industrial Automation portfolio. Brady Corporation manufactures labels, signs, safety devices, and printing systems across industries such as electronics manufacturing and aerospace; with this acquisition it aims to expand capabilities in data capture, mobile computing, workflow automation, 0and create a more integrated productivity platform.
This move follows previous divestitures by Honeywell—including its Personal Protective Equipment business in 2024—and builds on acquisitions totaling about $14 billion since 2023 across various sectors.
Centerview Partners is acting as financial advisor to Honeywell while Kirkland & Ellis LLP along with Baker McKenzie and Womble Bond Dickinson are providing legal counsel.
