Honeywell to Sell Productivity Unit for $1.4 Billion Amid Streamlining Efforts
By Katherine Hamilton
Brady Corp. agreed to acquire Honeywell International's productivity solutions and services business for $1.4 billion.
The all-cash transaction would include Honeywell's hardware, software and services for high-volume, automated data collection and tracking in mobile computers, barcode scanners and printing, the companies said Monday.
The Fort Mill, S.C., business unit supports large enterprise customers across industries including logistics, manufacturing, warehousing and retail, Brady said. It has about 3,000 employees globally and generated $1.1 billion in sales in 2025, the company said.
Brady said it plans to fund the deal with cash on hand and new debt financing. The transaction has been unanimously approved by the boards of both companies and is expected to close in the second half of calendar year 2026, it said.
Brady, which makes identification systems such as labels and tags, said the unit would be complementary to its existing portfolio and expand its reach to more enterprise customers.
In July 2025, Honeywell--which makes a wide range of products including in the energy and security fields--started a review of strategic alternatives of its productivity-solutions and services division, as well as its warehouse and workflow-solutions business.
The review was part of Honeywell's efforts to further simplify operations alongside a planned spinoff of its aerospace business, which is expected to be completed in the third quarter of 2026.
Honeywell said it is still actively engaged in its assessment of alternatives for the warehouse and workflow-solutions unit, which operates commercially under the brand names Intelligrated and Transnorm.
Honeywell divested from its personal-protective-equipment business in 2024 and spun off its advanced-materials segment as Solstice Advanced Materials in October.
"With the PSS divestiture, we are nearing completion of our multiyear portfolio transformation," Honeywell Chief Executive Vimal Kapur said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 20, 2026 07:58 ET (11:58 GMT)
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