HON News & Events

After Honeywell (HON) announced that it has agreed to sell its Productivity Solutions and Services business to Brady Corporation (BRC) for $1.4B in an all-cash transaction, Citi said the sale multiple is "relatively lower than what we had previously expected," but it thinks the business is impacted by some cyclicality and a challenging operating environment, including higher memory pricing, leading to the "more muted valuation." However, the firm views the transaction as "a longer-term incremental positive" that should position the stand-alone automation business to generate higher profitability, added the analyst, who has a Buy rating and $265 price target on Honeywell shares.

Brady Corporation (BRC) announced that the Company has entered into a definitive agreement with Honeywell (HON) to acquire Honeywell's Productivity Solutions and Services business, a provider of mobile computers, barcode scanners and printing solutions, in an all-cash transaction for $1.4 billion, representing a transaction value of approximately 8x EBITDA for the twelve months ended December 31, 2025.

Honeywell to sell PSS business to Brady for $1.4B in cash

Honeywell (HON) announced that it has agreed to sell its Productivity Solutions and Services business to Brady Corporation (BRC) for $1.4B in an all-cash transaction. The transaction is expected to be completed in the second half of 2026 and is subject to regulatory approvals and customary closing conditions. The transaction follows the review of strategic alternatives Honeywell commenced in July 2025 for PSS and its Warehouse and Workflow Solutions business to further simplify the company's portfolio alongside the planned spin-off of its Aerospace business, which is expected to be complete in the third quarter of 2026. Honeywell remains actively engaged in its assessment of strategic alternatives for WWS, which operates commercially under the brand names Intelligrated and Transnorm.