Honeywell has announced plans to evaluate strategic alternatives for its Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) businesses, marking an important milestone in the company’s efforts to simplify its portfolio ahead of planned separations.
The planned separation is expected to be complete by the second half of 2026, with Honeywell Aerospace separating next year. The company will focus on its core areas of automation expertise, serving the end markets of buildings, process and industrials.
PSS provides mobile computers, barcode scanners, and printing solutions to the warehouse and logistics market, generating over $1 billion in revenue in 2024. WWS offers supply chain and warehouse automation projects, services, and products, including automated sortation systems and robotics solutions.
Industry veteran Jim Masso has been appointed to lead Honeywell’s process automation business, bringing 20 years of experience in energy services, engineering, operations, and management. Masso will serve as President and CEO of Honeywell Process Automation, effective July 14, 2025.
Honeywell’s evaluation of strategic alternatives for PSS and WWS businesses is expected to run in parallel with ongoing portfolio workstreams. The company has retained Centerview Partners as its financial advisor to assist in assessing strategic alternatives.
The planned separation of the Advanced Materials business into a stand-alone, publicly traded company is also underway, while Honeywell Aerospace will separate in the second half of 2026.
Source: https://www.prnewswire.com/news-releases/honeywell-to-evaluate-strategic-alternatives-for-productivity-solutions-and-services-and-warehouse-and-workflow-solutions-businesses-302499541.html