Brady Corporation (NYSE: BRC) said on August 3, 2026 that it has closed its previously announced $1.4 billion all-cash acquisition of Honeywell Technologies’ Productivity Solutions and Services (PSS) business, a deal that vaults the 111-year-old Milwaukee company into a scaled industrial-technology platform spanning identification, safety, mobile computing, scanning, RFID and workflow software.
A $1.1B logistics-tech unit changes hands
PSS is a leading supplier of mobile computers, barcode scanners, RFID readers, printing solutions and warehouse-workflow software, with roughly $1.1 billion in 2025 revenue and over 3,000 employees now moving to Brady. Brady funded the purchase with cash on hand, a senior unsecured credit facility and private placement debt, saying it expects to remain deleveraging with net debt-to-EBITDA of about 2.5x at close and below 2.0x within two years.
Two reportable segments, one industrial platform
Brady will now run as two segments: the legacy printer, label and safety business becomes Identification Solutions, while the newly acquired PSS unit is reported as Intelligent Productivity Solutions. Management estimates access to a roughly $9 billion productivity-solutions market and expects the deal to add about $0.80 to adjusted diluted EPS within the first twelve months post-close, with at least $25 million of annual run-rate cost synergies over three years.
“Today marks the beginning of the next chapter for Brady as a leading industrial technology company, with enhanced capabilities and greater market access,” said Brady president and CEO Vineet Nargolwala. “The combination of Brady and PSS’s portfolios creates an industrial technology leader with capabilities across identification, safety, connectivity, and intelligent workflow solutions.”
Final step in Honeywell’s pure-play automation pivot
For Honeywell (Nasdaq: HON), closing PSS is the last major divestiture in chairman and CEO Vimal Kapur’s plan to spin the conglomerate into three focused businesses. “Closing the PSS divestiture is the final step toward completing our transition to a pure-play automation company,” Kapur said in Honeywell’s own statement. Honeywell has been shedding units through 2026 as it prepares for the previously flagged separations of Honeywell Aerospace and Solstice Advanced Materials.
The deal sits alongside a fast-moving M&A cycle in industrial automation. Autodesk closed its $3.6B MaintainX acquisition earlier this month to launch an Operations Solutions business, while Qualcomm finalized its $3.9B Modular buy and d-Matrix scooped up Wallaroo.ai to own more of the AI-inference stack.
Reporting based on coverage from GlobeNewswire, Honeywell, Yahoo Finance and CNBC.