STOCK TITAN

HONEYWELL TO SELL PRODUCTIVITY SOLUTIONS AND SERVICES BUSINESS TO BRADY CORPORATION

(Neutral)
(Neutral)
Tags

Honeywell agreed to sell its Productivity Solutions and Services (PSS) business to Brady Corporation (NYSE: BRC) for $1.4 billion in an all-cash deal expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions.

PSS reported approximately $1.1 billion in 2025 revenue and supplies mobile computers, barcode scanners and printers. Honeywell said the divestiture accelerates portfolio simplification ahead of its planned Aerospace spin-off in Q3 2026 and leaves WWS under review.

Loading...
Loading translation...

Positive

  • Proceeds of $1.4B expected from PSS sale
  • PSS revenue ~$1.1B in 2025 shows material scale
  • Portfolio simplification ahead of Aerospace spin-off in Q3 2026
  • Brady gains data-capture, mobile computing and workflow automation capabilities

Negative

  • Transaction is subject to regulatory approvals and customary closing conditions
  • Honeywell continues to evaluate WWS, leaving strategic uncertainty for that business
  • Sale reduces Honeywell Industrial Automation scope by transferring PSS revenue to Brady

News Market Reaction – HON

-1.63%
-1.63% Session close to close

In the Apr 20 session, HON declined 1.63%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement advances Honeywell’s multi-year portfolio transformation by selling its PSS busine...
Analysis

This announcement advances Honeywell’s multi-year portfolio transformation by selling its PSS business for $1.4 billion and reaffirming the planned Aerospace spin-off targeted for Q3 2026. It builds on earlier moves like the 2024 PPE divestiture and the October 2025 Solstice spin-off, plus about $14 billion of acquisitions since 2023. Investors may watch execution on remaining WWS strategic alternatives, closing of the PSS deal in the second half of 2026, and clarity around the post-separation business mix.

Key Figures

PSS sale value: $1.4 billion PSS 2025 revenue: $1.1 billion Deal timing: Second half of 2026 +4 more
7 metrics
PSS sale value $1.4 billion All-cash divestiture of Productivity Solutions and Services to Brady
PSS 2025 revenue $1.1 billion Reported 2025 revenue for PSS business being sold
Deal timing Second half of 2026 Expected closing of the PSS sale, subject to approvals
Aerospace spin-off timing Q3 2026 Planned completion of Honeywell Aerospace spin-off
PPE divestiture year 2024 Completion of Personal Protective Equipment business divestiture
Solstice spin-off date October 2025 Spin-off of Advanced Materials as Solstice Advanced Materials (SOLS)
Announced acquisitions $14 billion Accretive and synergistic deals announced since 2023

Historical Context

5 past events · Latest: Apr 09 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Apr 09 Refinery tech agreement Positive +1.5% Digital process and automation support to expand Dangote refinery capacity.
Apr 02 Asset license deal Positive +0.6% Exclusive perpetual license of power generator systems to Innovative Aerosystems.
Apr 02 Avionics assets transfer Positive +0.6% Sale and licensing of legacy avionics product lines to Innovative Aerosystems.
Apr 01 Investors’ day announcement Positive +1.0% Scheduling investor days for planned Aerospace and Automation separation.
Mar 27 Annual meeting notice Neutral -0.9% Notification of virtual 2026 annual shareowners meeting and record date.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent Honeywell headlines, often about portfolio reshaping and strategic agreements, have typically coincided with modest positive price reactions, suggesting investors have rewarded these strategic moves.

Recent Company History

Over recent months, Honeywell has issued several strategic updates. These include technology and services support for the Dangote refinery, multiple asset and license transfers to Innovative Aerosystems, and investor days tied to the planned Aerospace/Automation separation in Q3 2026. Most of these announcements saw small positive moves (generally under 2%), indicating a pattern of constructive but measured reactions to portfolio-optimization and partnership news, consistent with today’s divestiture update.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

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.

About Honeywell 
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

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.

Contacts:


Media         

Investor Relations

Stacey Jones           

Mark Macaluso

(980) 378-6258         

(704) 627-6118

Stacey.Jones@honeywell.com          

mark.macaluso@honeywell.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/honeywell-to-sell-productivity-solutions-and-services-business-to-brady-corporation-302747018.html

SOURCE Honeywell

FAQ

How much is Brady (BRC) paying for Honeywell's PSS business and when will the deal close?

Brady is paying $1.4 billion in an all-cash transaction. According to the company, the deal is expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions.

What size was Honeywell's PSS business before the sale and what products does it include?

PSS generated approximately $1.1 billion in 2025 revenue and supplies mobile computers, barcode scanners and printing solutions. According to the company, it serves warehouse, logistics and manufacturing customers.

What does the PSS sale mean for Honeywell's planned Aerospace spin-off in Q3 2026?

The sale accelerates Honeywell's portfolio simplification as it prepares the Aerospace spin-off. According to the company, divesting PSS helps sharpen focus ahead of the Q3 2026 separation.

How will the PSS acquisition affect Brady's product and market capabilities (NYSE: BRC)?

The acquisition adds data-capture, mobile computing and workflow automation to Brady's offerings. According to Brady-related disclosures, this builds a more integrated productivity and safety platform for industrial and logistics customers.

Are there regulatory or other conditions that could delay the Honeywell PSS sale to Brady (BRC)?

Yes. The transaction is subject to regulatory approvals and customary closing conditions, which could delay completion. According to the company, closing is anticipated in the second half of 2026 but is not guaranteed.