Honeywell (HON) sells productivity solutions unit for $1.4 billion
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowHoneywell (HON) has agreed to an all-cash sale of its productivity solutions and services unit to Brady for $1.4 billion. This transaction is part of Honeywell's strategy to streamline its operations following a review in July for potential divestitures. The deal is expected to be completed in the second half of 2026, and Brady anticipates that it will be double-digit accretive to its adjusted profit in the first year post-acquisition. This move follows Honeywell's previous divestitures, including its personal protective equipment business in 2024.
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About Honeywell International (HON)
Honeywell is a diversified industrial conglomerate spanning aerospace, building automation, and performance materials.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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