Raymond showcases products that better connect operator and forklift truck

0 20

Supply chain tech vendor Honeywell will sell off its division that sells mobile computers, barcode scanners, and printing solutions for the warehouse and logistics market for $1.4 billion to Brady Corp., a manufacturer of portable label printers and other industrial supplies.

Selling that Productivity Solutions and Services (PSS) business is part of a strategy to simplify its portfolio of products, as Honeywell also prepares for the planned spin-off of its Aerospace business, on track to occur in the third quarter, the company said.

Honeywell is likewise looking to unload its Warehouse and Workflow Solutions (WWS) division—which operates commercially under the brand names Intelligrated and Transnorm—saying today that the company “remains actively engaged in its assessment of strategic alternatives for WWS.” Honeywell acquired Intelligrated in 2016 for $1.5 billion.

Today’s announcement follows the previous divestiture of Honeywell’s Personal Protective Equipment (PPE) business in 2024 and the spin-off of its Advanced Materials business as Solstice Advanced Materials in 2025.

On the other side of the ledger, Honeywell has made $14 billion of acquisitions since 2023: Compressor Controls Corporation, SCADAfence, the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products, Sundyne, Li-ion Tamer and Johnson Matthey’s Catalyst Technologies Business.

“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,” Vimal Kapur, Chairman and CEO of Honeywell, said in a release.

“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,” Kapur said.

PSS recorded $1.1 billion of revenue in 2025 as part of Honeywell’s Industrial Automation (IA) business portfolio. As a part of Milwaukee-based Brady, PSS will now help build its new owner’s capabilities in data capture, mobile computing and workflow automation, increasing its portfolio serving industrial and logistics customers, while creating a more integrated, end‑to‑end productivity and safety platform, Brady 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,” said Brady’s President and CEO, Russell Shaller. “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. Our highly complementary portfolios will immediately expand our reach to include PSS’s enterprise customers, while providing all of our customers with a comprehensive solutions offering. In a world where data capture and tracking are increasingly essential to drive efficiency.”



Source link

Leave A Reply

Your email address will not be published.