Brady buys Honeywell scanner arm

Brady is buying Honeywell’s industrial scanning business in a $1.4 billion cash deal signed April 20. (bradyid.com) The asset is Honeywell’s Productivity Solutions and Services unit, which sells mobile computers, barcode scanners, printing systems and voice-guided workflow tools used in warehouses, factories and retail operations. Honeywell said the sale is expected to close in the second half of 2026, pending regulatory approvals and other customary conditions. (honeywell.com) Brady said the business generated about $1.1 billion in 2025 sales, employs roughly 3,000 people worldwide and is based in Fort Mill, South Carolina. Brady valued the purchase at about 8 times the unit’s earnings before interest, taxes, depreciation and amortization for the 12 months ended Dec. 31, 2025. (bradyid.com) The products in this deal sit at the point where physical goods become trackable data. A warehouse worker scans a pallet or shelf label, the system records the move, and inventory, routing and replenishment software update around that scan. (honeywell.com) Brady already sells labels, signs, safety devices, printing systems and identification software used to mark products, equipment and workplaces. Adding Honeywell’s handheld scanners and mobile devices gives Brady more of the hardware used to read those labels after they are applied. (bradyid.com, honeywell.com) For Honeywell, the sale is part of a broader breakup and portfolio reset. The company said in July 2025 that it was exploring strategic alternatives for Productivity Solutions and Services and Warehouse and Workflow Solutions, and on April 20 it tied the Brady sale to its planned Aerospace spin-off targeted for the third quarter of 2026. (honeywell.com, honeywell.com) Honeywell said it is still reviewing options for Warehouse and Workflow Solutions, the business that sells under the Intelligrated and Transnorm brands. That means the April 20 agreement covers one piece of Honeywell’s warehouse technology portfolio, not the whole operation. (honeywell.com) The size of the purchase is large relative to Brady’s existing business. Brady reported $1.33 billion in net sales for the fiscal year ended July 31, 2025, so the acquired unit’s roughly $1.1 billion of 2025 revenue would nearly double Brady’s scale on a simple comparison basis. (publicnow.com, bradyid.com) Brady said the combination will be immediately double-digit accretive to adjusted diluted earnings per share. If regulators clear the deal on schedule, the company will move from making many of the labels and identification materials used in warehouses to also supplying much of the scanning gear that keeps those labels useful. (bradyid.com)