Honeywell has announced it will evaluate strategic alternatives for its Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) businesses. These divisions focus on the transportation, warehouse, and logistics sectors. The move is part of Honeywell’s efforts to simplify its portfolio as it prepares to separate into three independent companies by the second half of 2026.
“Today’s announcement marks an important milestone in positioning Honeywell for success as a pure-play automation business following our planned Honeywell Aerospace separation next year,” said Vimal Kapur, Chairman and CEO of Honeywell. “With a simpler and more cohesive portfolio that serves the end markets of buildings, process and industrials, Honeywell will focus on our core areas of automation expertise, each of which is exposed to long-term secular growth drivers that position us as a powerful, global automation leader.”
The PSS business generated over $1 billion in revenue in 2024 through products such as mobile computers, barcode scanners, and printing solutions for warehouse and logistics operations. WWS reported nearly $1 billion in revenue last year by providing supply chain automation projects under the Intelligrated and Transnorm brands.
Kapur commented further: “Both leaders in their respective markets, PSS and WWS have deep customer and channel relationships, broad product offerings and innovative technologies that help improve efficiency, safety and productivity across the transportation, warehouse and logistics markets. We are encouraged by the recent performance of PSS and WWS and intend to seek opportunities to build on their unique strengths as we determine the best path forward that maximizes value for all our stakeholders.”
As part of these changes, Jim Masso has been appointed President and CEO of Honeywell Process Automation effective July 14, 2025. Masso brings two decades of experience from roles at Allied Power Group—where he was President & CEO—and General Electric.
Kapur added: “We are pleased to welcome Jim Masso to Honeywell to lead our process automation business. Having dedicated his career to leading complex, large-scale projects across the industry, he brings a deep understanding of the energy sector and an extensive background in driving customer-centric innovation that make him well-suited to lead this business into its next chapter of growth and innovation.”
Honeywell stated that evaluating strategic alternatives for PSS and WWS will not affect previously announced timelines regarding separations involving Solstice Advanced Materials or Honeywell Aerospace. There is no guarantee any transaction or outcome will result from this review.
Since June 2023, Honeywell has made several moves aimed at organic growth—including about $14 billion worth of acquisitions such as Compressor Controls Corporation; SCADAfence; Access Solutions from Carrier Global; Civitanavi Systems; CAES Systems; LNG business from Air Products; Sundyne; Johnson Matthey’s Catalyst Technologies Business; Li-ion Tamer—and completed divestitures like selling its Personal Protective Equipment unit in May 2025.
Centerview Partners has been retained as financial advisor during this evaluation process.
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