Honeywell has agreed to sell its Productivity Solutions and Services division to Brady Corporation in a $1.4 billion deal expected to close in the second half of 2026, subject to regulatory approval. The divestiture is part of Honeywell’s ongoing portfolio simplification and runs parallel to its planned Aerospace spin-off, currently on track for Q3 2026. Honeywell’s transformation over the past two years reads as a deliberate narrowing: identifying the highest-margin, highest-growth segments and shedding the rest.