Honeywell Announces $1.4 Billion Cash Sale of Productivity Solutions and Services Business to Brady Corporation
On April 20, 2026, Honeywell International (NASDAQ: HON) announced that it has signed a definitive agreement to sell its Productivity Solutions and Services (PSS) business to Brady Corporation (NYSE: BRC) for $1.4 billion in an all-cash transaction. Brady Corporation is a global manufacturer specializing in industrial identification and workplace safety solutions, headquartered in Milwaukee, Wisconsin, USA. The transaction is expected to close in the second half of 2026, subject to customary regulatory approvals.
Overview of the Divested Business
The PSS business is part of Honeywell's Industrial Automation segment and generated approximately $1.1 billion in revenue in 2025. It primarily serves the warehousing and logistics industries by providing mobile computers, barcode scanners, and printing solutions**. As one of the leading suppliers in this market, PSS serves many of the world's largest transportation, warehousing, and logistics companies.
Strategic Value for Brady Corporation
For Brady Corporation, the acquisition will significantly expand its portfolio of mobile computing and scanning solutions. Russell Shaller, President and Chief Executive Officer of Brady Corporation, stated that Brady's existing product portfolio is highly complementary to PSS. The combination will integrate Brady's high-performance printing, software, scanning, and specialty materials with PSS's comprehensive mobile computing, scanning, and software solutions, creating a more complete, integrated platform for industrial and logistics customers worldwide.
About Brady Corporation
Founded in 1914 by William H. Brady, Brady Corporation is a multinational industrial manufacturer headquartered in Milwaukee, Wisconsin, USA.
The company is a global leader in identification solutions and workplace safety products, serving customers across manufacturing, logistics, healthcare, electronics, telecommunications, and other industrial sectors. Its product portfolio includes high-performance labels, safety signs, printing systems, industrial identification solutions, and specialty tapes and adhesives.
Brady Corporation was listed on the NASDAQ Stock Market in 1984 and transferred its listing to the New York Stock Exchange (NYSE: BRC) in 1999.
