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Honeywell to Sell Productivity Business in $1.4 Billion Deal
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April 20, 2026
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3:05Now PlayingLiana Baker, Bloomberg News Managing Editor for Deals, breaks down Honeywell's deal to divest its productivity solutions and services business to industrial manufacturer Brady Corp.
Brady will pay $1.4 billion in cash for the business, according to a statement Monday that confirmed an earlier report by Bloomberg News. The deal is expected to be completed in the second half of this year.
Honeywell’s productivity solutions and services business, known as PSS, is a provider of mobile computers, barcode scanners and printing solutions for the logistics market and had about $1.1 billion in revenue in 2025.
The acquisition will be the largest for Milwaukee-based Brady, which makes products that “that identify and protect people, products and places.” Founded in 1914, it had about $1.5 billion in annual sales in its last fiscal year.
Brady shares were little changed at 9:34 a.m. Monday in New York, giving it a market value of roughly $4 billion. Honeywell declined less than 1% for a market value of $147 billion.
Honeywell announced in July that it was evaluating strategic alternatives for two businesses, including PSS, and had retained investment bank Centerview Partners as a financial adviser for the review. Brady was advised by Goldman Sachs & Co., according to a separate statement. The other Honeywell unit under a strategic review, called warehouse and workflow solutions businesses, serves the transportation, warehouse and logistics markets and generated nearly $1 billion in revenue in 2024. The company remains actively engaged with multiple parties on the sale of that business, known as WWS, according to people familiar with the matter who asked not to be identified.
Charlotte, North Carolina-based Honeywell has been reshaping itself through disposals and spinoffs in recent years.
The company plans to complete the separation of its automation and aerospace businesses in the third quarter of 2026. It spun off its chemicals business, now called Solstice Advanced Materials Inc., in October 2025.
It’s also been active on the acquisitions front. In February, Honeywell slashed its price to acquire Johnson Matthey Plc’s Catalyst Technologies in a move to save the deal from falling apart. The industrials conglomerate agreed to pay £1.325 billion ($1.79 billion) for the business, down from £1.8 billion.
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