Honeywell sells Productivity Solutions business to Brady for $1.4 billion
Honeywell has agreed to sell its Productivity Solutions and Services (PSS) business to Brady for $1.4 billion in an all-cash transaction. PSS, which generates about $1.1 billion in revenue annually, specializes in barcode scanners and logistics solutions. The acquisition is expected to be double-digit accretive to Brady's earnings and bring significant cost synergies.
Topics: acquisition Brady business sale Honeywell logistics warehouse solutions