Brady Corporation Completes Transformational Acquisition of Honeywell Technologies' Productivity Solutions and Services Business, Creating Leading Industrial Technology Company
Brady Corporation announced that, effective August 3, it completed its previously announced all-cash, $1.4 billion acquisition of Honeywell Technologies' Productivity Solutions and Services business. The transaction was funded with cash on hand, a senior unsecured credit facility, and private placement debt, with liquidity preserved for ongoing operations and growth initiatives.
Why it matters — The completion of this acquisition expands Brady's industrial technology portfolio and marks a significant step in its transformation, which is directly relevant to those following the company's strategy.