Honeywell Sells Productivity Solutions and Services Business for $1.4B to Brady
Honeywell agreed to sell its Productivity Solutions and Services business to Brady Corporation for $1.4 billion, with closing expected in the second half of 2026 pending approvals. PSS generated approximately $1.1 billion in 2025 revenue and its sale accelerates portfolio simplification ahead of an Aerospace spin-off in Q3 2026.
1. Transaction Details
Honeywell has agreed to sell its Productivity Solutions and Services (PSS) business to Brady Corporation for $1.4 billion in an all-cash transaction. The deal is expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions.
2. Strategic Rationale
The divestiture of PSS follows a strategic review of alternatives launched in July 2025 and supports Honeywell’s multi-year effort to simplify its portfolio. This sale precedes the planned spin-off of the Aerospace business targeted for completion in the third quarter of 2026.
3. Business Impact
PSS, which generated about $1.1 billion in revenue in 2025, will integrate into Brady’s industrial identification and safety platform, enhancing its end-to-end productivity solutions. For Honeywell, the sale sharpens focus on core Aerospace and Automation operations and strengthens its financial position ahead of upcoming separations.