• Adds Scaled, Integrated Productivity Solutions Platform with Strong Positions Across Key Verticals
  • Expands Total Addressable Market and Opens Enterprise Customer Channel
  • Immediately Double-Digit Accretive to Adjusted Diluted EPS*
  • Conference Call at 8:30 a.m. Eastern Time to Discuss Transaction

MILWAUKEE, April 20, 2026 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE:BRC) ("Brady" or "Company"), a world leader in identification solutions, today announced that the Company has entered into a definitive agreement with Honeywell (NASDAQ:HON) to acquire Honeywell's Productivity Solutions and Services ("PSS") business, a provider of mobile computers, barcode scanners and printing solutions, in an all-cash transaction for $1.4 billion, representing a transaction value of approximately 8x EBITDA for the twelve months ended December 31, 2025.

PSS offers a comprehensive suite of hardware, software and service offerings that enable high-volume, automated data collection and tracking, with strong positions in mobile computers, barcode scanners, printing solutions and voice guidance. PSS supports large enterprise customers across a diverse set of industries, including high-growth logistics, manufacturing, warehousing and retail verticals. The PSS business is based in Fort Mill, South Carolina and operates globally with approximately 3,000 employees across North America, Europe, Latin America and Asia. PSS generated sales of approximately $1.1 billion in 2025.