Brady Corporation has completed its all-cash acquisition of Honeywell Technologies' Productivity Solutions and Services business for $1.4 billion, effective August 3. The acquired business generated sales of approximately $1.1 billion in 2025 and is expected to contribute about $0.80 of incremental adjusted diluted earnings per share within the first year after closing. Brady will now operate with two reportable segments: Identification Solutions for its existing business and Intelligent Productivity Solutions for the PSS business. The company expects to achieve at least $25 million in annual run-rate cost synergies within three years and projects net debt-to-EBITDA of approximately 2.5 times, deleveraging to below 2.0 times within two years. The transaction was funded with cash on hand, a senior unsecured credit facility, and private placement debt.
Brady CorporationBrady completes $1.4B acquisition, expects EPS accretion and cost synergies.
Honeywell International Inc