Brady acquires Honeywell's barcode scanner unit for $1.4B
Brady Corporation has acquired Honeywell's barcode scanner business for $1.4 billion in cash. The deal advances Honeywell's portfolio restructuring ahead of a planned corporate breakup. The acquisition includes Honeywell's barcode scanning and mobile computing assets, which generated approximately $1.3 billion in revenue in 2024. Brady expects the acquisition to be accretive to earnings in the first full year after closing. The transaction is subject to regulatory approvals and is expected to close in the second half of 2025.
Key facts
- Brady acquires Honeywell's barcode scanner unit for $1.4 billion in cash.
- Honeywell is restructuring its portfolio ahead of a planned corporate breakup.
- The acquired unit generated about $1.3 billion in revenue in 2024.
- Brady expects the deal to be accretive to earnings in the first full year after closing.
- The transaction is subject to regulatory approvals.
- Closing is expected in the second half of 2025.
Entities
Institutions
- Brady Corporation
- Honeywell
Sources
- Quartz —