Honeywell International Inc., a diversified industrial conglomerate, is close to selling its productivity solutions and services unit to Brady Corp., a maker of industrial fastening and safety products. Sources familiar with the talks say the transaction will value the unit at roughly $1.4 billion. The deal would remove a non‑core segment from Honeywell’s portfolio and give Brady a broader customer base.

The transaction aligns with Honeywell’s strategy to streamline operations and focus on high‑growth sectors like aerospace and automation. Brady, which already serves many of the same industrial clients, will expand its footprint in maintenance, repair and overhaul services. Analysts view the deal as a win‑win that bolsters Brady’s revenue mix while freeing capital for Honeywell’s core businesses.

Financially, the $1.4 billion sale will boost Honeywell’s cash reserves and reduce debt exposure, potentially improving its credit rating. Brady’s acquisition of the unit adds complementary technology and a steady revenue stream, strengthening its competitive position against larger industrial conglomerates. The transaction, if completed, will reshape the productivity solutions market and signal a broader trend of divestitures among diversified firms today.