Brady to Acquire Honeywell Productivity Solutions Business

Brady ( (BRC) ) has shared an update.

On April 20, 2026, Brady Corporation and its subsidiary Brady Worldwide, Inc. agreed to acquire Honeywell International Inc.’s Productivity Solutions and Services business for $1.4 billion in cash, a deal valued at roughly 8 times 2025 EBITDA and expected to close in the second half of 2026. The PSS unit, a global provider of mobile computers, barcode scanners, printing and workflow software with about 3,000 employees and $1.1 billion in 2025 sales, will be funded through cash on hand and new debt, backed by committed bridge financing from BMO Capital Markets.

The transaction, unanimously approved by both companies’ boards and governed by customary regulatory and closing conditions, includes non-compete provisions for Honeywell, transitional services and intellectual property license agreements, and a comprehensive guarantee from Brady for the purchaser’s obligations. By adding PSS’s enterprise-focused mobility, scanning and software platform, Brady materially expands its presence in the $9 billion technology-enabled productivity and data capture market, broadens access to large logistics, manufacturing, warehousing and retail customers, and aims to enhance earnings power and recurring software and services revenue while targeting cost and revenue synergies and a rapid deleveraging path post-closing.

The most recent analyst rating on (BRC) stock is a Buy with a $96.00 price target. To see the full list of analyst forecasts on Brady stock, see the BRC Stock Forecast page.

Spark’s Take on BRC Stock

According to Spark, TipRanks’ AI Analyst, BRC is a Outperform.

The score is driven primarily by strong financial quality (high margins, conservative leverage, solid ROE and positive free cash flow) and a supportive earnings update (raised guidance, strong cash generation). These strengths are partially offset by weak technical momentum (bearish MACD, RSI near 31, price below short-term moving averages) and a valuation that looks reasonable rather than clearly cheap (P/E ~21, ~1.17% yield).

To see Spark’s full report on BRC stock, click here.

More about Brady

Brady Corporation is an international manufacturer and marketer of identification and safety solutions whose products help customers increase safety, security, productivity and performance. Its portfolio includes high-performance labels, signs, safety devices, printing systems and software, serving electronics, telecommunications, manufacturing, construction, medical, aerospace and other industries worldwide.

Founded in 1914 and headquartered in Milwaukee, Wisconsin, Brady employed about 6,400 people and generated approximately $1.51 billion in fiscal 2025 sales, with shares listed on the New York Stock Exchange under the ticker BRC. The company historically focuses on industrial end markets and small and medium-sized businesses, positioning itself as a provider of complete solutions that identify and protect people, products and places.

Average Trading Volume: 230,242

Technical Sentiment Signal: Buy

Current Market Cap: $3.91B

For a thorough assessment of BRC stock, go to TipRanks’ Stock Analysis page.