BAKU, Azerbaijan, April 21. Honeywell has
agreed to sell its Productivity Solutions and Services (PSS)
business to Brady Corporation, a global manufacturer of
identification and protection solutions, in an all-cash deal valued
at $1.4 billion, Trend reports via the company.
The transaction is expected to close in the second half of 2026,
subject to regulatory approvals and customary closing
conditions.
The divestment follows Honeywell’s strategic review launched in
July 2025 of its PSS unit and Warehouse and Workflow Solutions
(WWS) business, as part of a broader effort to simplify its
portfolio. This restructuring is also aligned with the planned
spin-off of its Aerospace business, expected to be completed in the
third quarter of 2026. Honeywell continues to evaluate strategic
options for its WWS segment, which operates under the Intelligrated
and Transnorm brands.
PSS, which is currently part of Honeywell’s Industrial
Automation division, generated approximately $1.1 billion in
revenue in 2025. The business provides mobile computers, barcode
scanners, and printing solutions for warehouse and logistics
operations.
The deal follows a series of portfolio reshaping moves by
Honeywell, including the 2024 divestiture of its Personal
Protective Equipment (PPE) business and the October 2025 spin-off
of its Advanced Materials unit into Solstice Advanced
Materials.
It also comes alongside a broader acquisition strategy, with
Honeywell announcing roughly $14 billion in acquisitions since
2023, including Compressor Controls Corporation, SCADAfence,
Carrier Global’s Access Solutions business, Civitanavi Systems,
CAES Systems, Air Products’ LNG business, Sundyne, Li-ion Tamer,
and Johnson Matthey’s Catalyst Technologies business.
Centerview Partners is acting as financial advisor to Honeywell,
while Kirkland & Ellis LLP, Baker McKenzie, and Womble Bond
Dickinson are serving as external legal counsel.
