Honeywell is selling its barcode scanner business to Brady for $1.4 billion

Honeywell agreed to sell its Productivity Solutions and Services unit to Brady Corporation for $1.4 billion in cash, a move that advances Honeywell’s portfolio restructuring ahead of a planned corporate breakup. The transaction, announced Monday, is expected to close in the second half of 2026 pending regulatory approval. PSS, which makes barcode scanners, mobile computers, and printing solutions for warehousing and logistics, generated about $1.1 billion in 2025 revenue and has roughly 3,000 employees. The deal values PSS at about eight times 2025 EBITDA. Brady expects the acquisition to be accretive to adjusted diluted EPS in year one and targets at least $25 million in annual cost synergies within three years.