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UPDATE: Aug. 5, 2026: Honeywell Technologies has closed the $1.4 billion sale of its productivity solutions and services business to Brady Corp. on Monday.
“Closing the PSS divestiture is the final step toward completing our transition to a pure-play automation company,” Chairman and CEO Vimal Kapur said in a statement. “As Honeywell Technologies, we are fully focused on the building, industrial and process sectors and the long-term growth opportunities leading the industry’s transition from automation to autonomy.”
The PSS business will operate as intelligent productivity solutions, one of two new Brady segments, according to the press release. The other segment is dubbed identification solutions. The company has been reporting two segments based on geography, Americas and Asia, and Europe and Australia, according to a securities filing.
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