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Honeywell (HON.O) has agreed to sell its productivity solutions and services unit ​to industrial equipment maker Brady (BRC.N) in an ‌all-cash deal worth $1.4 billion, the conglomerate said on Monday, as it aims to ​streamline its sprawling businesses.

The industrial giant ​said in July it was evaluating strategic ⁠alternatives for two businesses, including productivity ​solutions and services (PSS), ahead of splitting its ​operations into separate aerospace, automation and advanced materials units.

Honeywell divested its personal protective equipment business in ​2024 and spun off its advanced ​materials unit (SOLS.O) in October 2025.

The divestiture of the PSS ‌unit, ⁠which makes mobile computers, barcode scanners and printing solutions for the warehouse and logistics market, is expected to be ​completed in ​the ⁠second half of 2026.

Brady expects the acquisition to be double-digit ​accretive to its adjusted profit ​within ⁠the first year after the deal closes.

The company makes labels, signs, safety ⁠devices ​and printing systems for ​industries including electronics, manufacturing and aerospace.