April 20 (Reuters) – Honeywell has agreed to sell its productivity solutions and services unit to industrial equipment maker Brady in an all-cash deal worth $1.4 billion, the conglomerate said on Monday, as it aims to streamline its sprawling businesses.
The industrial giant said in July it was evaluating strategic alternatives for two businesses, including productivity solutions and services (PSS), ahead of splitting its operations into separate aerospace, automation and advanced materials units.
Honeywell divested its personal protective equipment business in 2024 and spun off its advanced materials unit in October 2025.
The divestiture of the PSS unit, which makes mobile computers, barcode scanners and printing solutions for the warehouse and logistics market, is expected to be completed in the second half of 2026.
Brady expects the acquisition to be double-digit accretive to its adjusted profit within the first year after the deal closes.
The company makes labels, signs, safety devices and printing systems for industries including electronics, manufacturing and aerospace.
(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Jonathan Ananda)
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