Honeywell – Honeywell to sell Productivity Solutions and Services business to Brady Corporation
Accelerates portfolio simplification as Honeywell prepares for the planned spin-off of its Aerospace business, on track for Q3 2026
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.
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.
“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.
“Going forward, PSS will benefit from Brady’s highly complementary and specialized leadership in industrial identification and safety, creating a broader, more integrated offering for warehouse, logistics and manufacturing customers,” Kapur added.
With 2025 revenue of approximately $1.1 billion, PSS is a leading provider of mobile computers, barcode scanners and printing solutions serving the warehouse and logistics market. PSS is currently part of Honeywell’s Industrial Automation (IA) business portfolio.
Brady Corporation (NYSE: BRC) is an international manufacturer and marketer of high-performance labels, signs, safety devices and printing systems for industries that include electronics, manufacturing and aerospace. Brady provides products that enhance safety, security and productivity. The acquisition of PSS will help build Brady’s capabilities in data capture, mobile computing and workflow automation, increasing its portfolio serving industrial and logistics customers, while creating a more integrated, end‑to‑end productivity and safety platform.
This announcement follows the divestiture of Honeywell’s Personal Protective Equipment (PPE) business in 2024 and the spin-off of its Advanced Materials business as Solstice Advanced Materials (Nasdaq: SOLS) in October 2025. It also builds on the prior strategic actions Honeywell has taken to drive organic growth and optimize its portfolio, including announcing approximately $14 billion of accretive and synergistic acquisitions since 2023: Compressor Controls Corporation, SCADAfence, the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products, Sundyne, Li-ion Tamer and Johnson Matthey’s Catalyst Technologies Business.
Centerview Partners is serving as financial advisor to Honeywell. Kirkland & Ellis LLP, Baker McKenzie and Womble Bond Dickinson are providing external legal counsel.
Forward Looking Statement
We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including statements related to the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. Forward-looking statements are those that address activities, events, or developments that we or our management intend, expect, project, believe, or anticipate will or may occur in the future. They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control, including Honeywell’s current expectations, estimates, and projections regarding the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements, including the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, and the anticipated benefits of each. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, including ongoing conflicts in the Middle East, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.
SourceHoneywell
EMR Analysis
More information on Honeywell: See the full profile on EMR Executive Services
More information on Vimal Kapur (Chairman and Chief Executive Officer, Honeywell): See the full profile on EMR Executive Services
More information on Michal Stepniak (Senior Vice President and Chief Financial Officer, Honeywell): See the full profile on EMR Executive Services
More information on Honeywell Industrial Automation Segment (IA) by Honeywell: https://automation.honeywell.com/us/en + With a deep history in industrial automation that spans more than five decades, Honeywell enables process industry operations, creates world-class sensor technologies, automates supply chains, makes warehouses smarter, and improves worker safety. This combination build on our core strengths in controls and automation technologies, deliver better commercial outcomes for our customers, and enhance our growth.
More information on Peter Lau (President and Chief Executive Officer, Industrial Automation Segment (IA), Honeywell): See the full profile on EMR Executive Services
More information on Honeywell Productivity Solutions and Services (PSS) by Industrial Automation Segment (IA) by Honeywell: https://automation.honeywell.com/us/en/products/productivity-solutions + With 2025 revenue of approximately $1.1 billion, PSS is a leading provider of mobile computers, barcode scanners and printing solutions serving the warehouse and logistics market. PSS is currently part of Honeywell’s Industrial Automation (IA) business portfolio.
Productivity Solutions and Services (PSS) accelerates digital transformation with connected hardware, software, and automation. Backed by 20+ years of expertise, we boost productivity across industries, helping customers optimize their operations.
Honeywell Productivity Solutions and Services (PSS) partners with end users on their digital transformation journeys by harnessing Honeywell’s three megatrends: the growth of the connected workforce, the rise of automation and data analytics, and the shift toward sustainable solutions. We provide connected solutions that enhance efficiency, reduce costs, and increase revenues, featuring cutting-edge hardware, software, and automation technologies, including industry-leading mobile computers, data capture devices, and cloud-based software. With over 20 years of experience and a passion for innovation, we continuously push technological boundaries to ensure our customers succeed in their digital transformation, optimizing operations while embracing these megatrends.
While deeply rooted in technology, we adapt our comprehensive digital solutions to meet our customers’ ambitions and needs. Honeywell PSS supports industries such as retail, healthcare, logistics, and distribution, empowering organizations to optimize their workforce, confidently utilize data, and shape a successful, sustainable future. We are committed to delivering advanced solutions that help customers navigate the rapidly changing market landscape, ensuring they thrive in an increasingly competitive environment.
Honeywell classified the Productivity Solutions and Services (“PSS”) and Warehouse and Workflow Solutions (“WWS”) businesses as assets held for sale during the fourth quarter of 2025.
More information on David Barker (President, Honeywell Productivity Solutions and Services (PSS), Industrial Automation Segment (IA), Honeywell): See the full profile on EMR Executive Services
More information on Honeywell Warehouse and Workflow Solutions (WWS) by Industrial Automation Segment (IA) by Honeywell: https://www.honeywell.com/us/en/industries/warehouse-logistics + WWS, which generated nearly $1 billion in revenue in 2024, is a leading provider of supply chain and warehouse automation projects, services and products – including automated sortation systems, palletizers, conveyors and robotics solutions as well as aftermarket services and software. WWS operates commercially under the brand names Intelligrated and Transnorm.
Honeywell classified the Productivity Solutions and Services (“PSS”) and Warehouse and Workflow Solutions (“WWS”) businesses as assets held for sale during the fourth quarter of 2025.
More information on Honeywell Aerospace Technologies Segment (AT) by Honeywell: https://aerospace.honeywell.com/ + Products and services from Honeywell Aerospace Technologies are found on virtually every commercial, defense and space aircraft. The Aerospace Technologies business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems, mechanical components and more. Its hardware and software solutions create more fuel-efficient aircraft, more direct and on-time flights and safer skies and airports.
As a standalone company, Honeywell Aerospace will be one of the largest publicly listed pure-play aerospace suppliers, with more than $15 billion in 2024 sales1. With leading positions in propulsion, cockpit and navigation systems and auxiliary power, Honeywell Aerospace’s technology is featured on virtually every commercial and defense aircraft platform worldwide, making it uniquely positioned to capitalize on long-term growth trends. The independent company will be headquartered in Phoenix, Arizona.
The Aerospace Technologies business will continue to report results as a Honeywell business segment until the completion of its separation, which is on track for the second half of 2026.
More information on Craig Arnold (Member of the Board of Directors, Honeywell till spin-off expected to be completed in the second half of 2026 + Non-Executive Chairman of the Board, Honeywell Aerospace as from spin-off expected to be completed in the third quarter of 2026): See the full profile on EMR Executive Services
More information on Jim Currier (President and Chief Executive Officer, Aerospace Technologies Segment (AT), Honeywell till spin-off expected to be completed in the third quarter of 2026 + President and Chief Executive Officer, Honeywell Aerospace as from spin-off expected to be completed in the third quarter of 2026): See the full profile on EMR Executive Services
More information on Joshua Jepsen (Chief Financial Officer, Honeywell Aerospace): See the full profile on EMR Executive Services
More information on Intelligrated by Honeywell Industrial Automation Segment (IA) by Honeywell: https://automation.honeywell.com/us/en/products/warehouse-automation +
Honeywell Intelligrated delivers end-to-end design, installation, integration, and lifecycle support for warehouse automation systems. Our solutions integrate cloud-native and hybrid WES software, robotics, simulation tools, and more, providing optimized performance without disrupting your workflows.
Honeywell Intelligrated offers one of the broadest portfolios of advanced automation technologies and software in the industry — from conventional solutions to the latest warehouse robotics, to hybrid solutions that combine the strengths of multiple technologies. You’ll also get world-class service and support that goes beyond the technology itself, helping you to identify and implement the solutions that will deliver the best possible results for your operation.
More information on Chad Briggs (President Honeywell Intelligrated, Honeywell Industrial Automation Segment (IA), Honeywell): See the full profile on EMR Executive Services
More information on Transnorm by Honeywell Industrial Automation Segment (IA) by Honeywell: https://automation.honeywell.com/us/en/products/warehouse-automation/transnorm + Transnorm is now part of the Honeywell Industrial Automation business and listed under the new IA umbrella website. For more than half a century, system integrators and end users have trusted our experience in Airport, Post & Parcel and E-Commerce facilities of every size on five continents. Learn more about high-performance Transnorm curve and sortation conveyors.
More information on Brady Corporation: https://www.bradyid.com/ + Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries.
Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2025, employed approximately 6,400 people in its worldwide businesses. Brady’s fiscal 2025 sales were approximately $1.51 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC.
More information on Russel Shaller (President, Chief Executive Officer and Director, Brady Corporation): https://www.bradyid.com/corporate/brady-leadership + https://www.linkedin.com/in/rshaller/
More information on Solstice Advanced Materials: See full profile on EMR Executive Services
More information on David Sewell (President and Chief Executive Officer, Solstice Advanced Materials): See full profile on EMR Executive Services
EMR Additional Notes:
- Spin-Off:
- To “spin-off” a company means a parent company creates a new, independent company by separating one of its business units, often distributing the new company’s shares to the parent company’s existing shareholders. This process allows the spun-off division to focus on its own strategy and allows parent company management to concentrate on their core business, potentially increasing the overall value for both entities.
- Warehouses, Distribution Center (DC) and Logistic Center:
- Warehouse:
- A warehouse is a facility primarily used for the storage of products and inventory management over longer periods. Its main focus is on efficient storage and safekeeping of goods.
- Distribution Center (DC):
- A Distribution Center (DC), on the other hand, is a facility designed for the efficient and rapid movement of goods. While it does store products, it does so for relatively shorter periods. In addition to storage, a DC offers value-added services such as cross-docking, product mixing, order fulfillment, and packaging to ensure the timely and accurate delivery of products.
- Logistics Center:
- Logistics Center is, in a formal sense, the most comprehensive and strategic of the three. While a warehouse and a distribution center focus on specific functions (storage and distribution), a logistics center focuses on the management of the entire supply chain.
- Warehouse:
- PPE (Personal Protective Equipment):
- Specialized clothing or equipment worn by an employee for protection against injury or infection. The hazards addressed by protective equipment include physical, electrical, heat, chemicals, biohazards, and airborne particulate matter.
- PPE categories: eye and face protection, hand protection, body protection, respiratory protection, and hearing protection.
