Brady Corporation has announced that, effective August 3rd, the company has completed its previously announced transaction to acquire Honeywell Technologies’ Productivity Solutions and Services (PSS) business. The all-cash, $1.4 billion transaction was funded with cash on hand, a senior unsecured credit facility and private placement debt, preserving substantial liquidity to support ongoing operations and future growth initiatives.
The business combination aims to establish Brady as a leading identification, safety and productivity solutions partner for businesses globally, leveraging the existing strength in printers and consumables and PSS’s leadership in mobile computing, scanning, RFID and workflow software. The PSS business generated sales of approximately $1.1 billion in 2025. As a scaled industrial technology company with enhanced capabilities, comprehensive solutions, and broader end-market exposure, Brady believes it is uniquely positioned to partner with customers to address their evolving needs.
In conjunction with the acquisition, Brady will be operated with two reportable segments. The existing Brady business will be reported as ‘Identification Solutions’ and the PSS business will be reported as ‘Intelligent Productivity Solutions’.
Management Commentary
“Today marks the beginning of the next chapter for Brady as a leading industrial technology company, with enhanced capabilities and greater market access. The combination of Brady and PSS’s portfolios creates an industrial technology leader with capabilities across identification, safety, connectivity, and intelligent workflow solutions. Brady now serves customers in nearly every end market, with an expanded portfolio designed to help customers improve productivity, safety and operational performance,” said Brady’s President and Chief Executive Officer, Vineet Nargolwala.
Nargolwala added, “While this transaction significantly expands Brady’s scale and capabilities, our approach and objectives remain the same: producing trusted products and services, consistent operational execution, disciplined capital allocation, and creating significant value for our teams, customers and shareholders. We welcome the over 3,000 members of the PSS team to Brady and together, we will build the next chapter of Brady.”
The combined company provides a comprehensive industrial technology platform. The product portfolio adds scale and extends Brady into adjacent workflows, including mobile computing, barcode scanning, RFID and workflow software.
The addressable market is estimated at $9 billion globally, for productivity solutions in logistics and industrial applications. PSS’s high-margin software and service offerings provide Brady with an opportunity to increase recurring revenue, improve long-term margin profile, and strengthen customer relationships.
