Honeywell Sells Lower-Margin Unit, Eli Lilly Acquires Biotech Firm
Honeywell is selling its Productivity Solutions and Services (PSS) unit to Brady Corporation for $1.4 billion, as part of its portfolio transformation. Meanwhile, Eli Lilly is acquiring Kelonia Therapeutics for $3.25 billion to bolster its drug pipeline. Both moves reflect strategic shifts in their respective businesses.
Topics: Acquisition Business Sale Drug Pipeline Eli Lilly Honeywell M&A Portfolio Transformation