Brady has entered a definitive agreement to purchase Honeywell’s Productivity Solutions and Services unit for $1.4 billion in an all-cash deal valued at roughly 8× the unit’s trailing twelve-month EBITDA. PSS generated approximately $1.1 billion in sales during 2025 and employs about 3,000 people across North America, Europe, Latin America and Asia.

The acquisition extends Brady’s portfolio into mobile computers, barcode scanners, printing systems, RFID and workflow software, opening direct access to large enterprise customers in logistics, manufacturing, warehousing and retail. Combining Brady’s existing specialty adhesive materials and printing solutions with PSS’s data capture capabilities creates an end-to-end offering for high-volume, automated tracking workflows.

The transaction is projected to be double-digit accretive to adjusted diluted EPS in the first year post-close and drive at least $25 million in annual run-rate cost synergies within three years. Brady anticipates capturing additional revenue synergies through cross-selling and expects net debt/EBITDA to be about 2.5× at closing, falling below 2.0× within two years.

Funding will come from cash on hand and new debt financing, with unanimous board approval from both companies. The deal is subject to regulatory clearances and customary closing conditions, and is slated to close in the second half of 2026.