Overview
- Honeywell agreed Monday to sell its Productivity Solutions and Services unit to Brady for $1.4 billion in cash, with closing targeted for the second half of 2026 pending regulatory approval.
- The business makes mobile computers, barcode scanners and industrial printers for warehouse, logistics and manufacturing customers, and it generated about $1.1 billion in 2025 revenue with roughly 3,000 employees.
- The price implies a valuation of about eight times 2025 EBITDA, which is earnings before interest, taxes, depreciation and amortization.
- Brady expects double‑digit growth in adjusted diluted earnings per share in the first full year and at least $25 million in annual cost savings within three years, and it projects leverage of about 2.5 times annual EBITDA after financing.
- The sale advances Honeywell’s multi‑year portfolio reset ahead of an Aerospace spinoff planned for the third quarter of 2026, with both companies flagging regulatory review and integration and talent‑retention risks.