Business
HONEYWELL TO SELL PRODUCTIVITY SOLUTIONS AND SERVICES BUSINESS TO BRADY CORPORATION
Honeywell (Nasdaq: HON) today announced that it has agreed to sell its Productivity Solutions and Services ("PSS") business to Brady Corporation, an international manufacturer of identification and protection solutions, for $1.4 billion in an all-cash transaction. The transaction is expected to be completed in the second half of 2026 and is subject to regulatory approvals and customary closing conditions.
About this update from Honeywell International Inc.
[{"type":"text","content":"Accelerates portfolio simplification as Honeywell prepares for the planned spin-off of its Aerospace business, on track for Q3 2026","length":131,"tagName":"p","attribs":{}},{"type":"text","content":"CHARLOTTE, N.C., April 20, 2026 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced that it has agreed to sell its Productivity Solutions and Services ("PSS") business to Brady Corporation, an international manufacturer of identification and protection solutions, for $1.4 billion in an all-cash transaction. The transaction is expected to be completed in the second half of 2026 and is subject to regulatory approvals and customary closing conditions.","length":466,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Honeywell)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Honeywell)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":83,"url":"https://media.zenfs.com/en/prnewswire.com/52f35805bebf4ce9fb06210799d2abf0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/CDqEacf7lXGgtlIYi2jsjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0Ng--/https://media.zenfs.com/en/prnewswire.com/52f35805bebf4ce9fb06210799d2abf0","width":400,"height":83}},"href":"https://mma.prnewswire.com/media/1420781/Honeywell_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The transaction follows the review of strategic alternatives Honeywell commenced in July 2025 for PSS and its Warehouse and Workflow Solutions ("WWS") business to further simplify the company's portfolio alongside the planned spin-off of its Aerospace business, which is expected to be complete in the third quarter of 2026. Honeywell remains actively engaged in its assessment of strategic alternatives for WWS, which operates commercially under the brand names Intelligrated and Transnorm.","length":505,"tagName":"p"},{"type":"text","content":""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.","length":439,"tagName":"p"},{"ty...