Brady Corporation will acquire Honeywell’s Productivity Solutions and Services business in an all-cash transaction valued at $1.4 billion, the companies said Monday.
Brady President and Chief Executive Officer Russell Shaller said, “The acquisition of Honeywell’s PSS business will significantly expand our portfolio into leading-edge mobility and scanning solutions, which are trusted by the largest transportation, warehousing and logistics companies in the world.”
Honeywell said the agreement follows a review of strategic alternatives initiated in 2025.
“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.
The Productivity Solutions and Services unit generated about $1.1 billion in revenue in 2025 and employs approximately 3,000 people worldwide. The business provides mobile computers, barcode scanners and printing solutions for warehouse and logistics customers and operates within Honeywell’s Industrial Automation portfolio.
Honeywell said, “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,” according to Kapur.
Brady Corporation said the acquisition expands its capabilities into data capture and workflow automation.
Shaller said, “The combination of Brady and PSS will create a more comprehensive solutions offering for a broad set of customers, bringing together Brady’s high-performance printing, software, scanning and specialty adhesive materials with PSS’s full suite of mobility, scanning and software.”
Brady said the deal is expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions. The company said it expects annual cost synergies of at least $25 million within three years.
The companies said the transaction reflects approximately 8 times EBITDA for the trailing 12 months ended December 31, 2025.
