Honeywell Technologies Completes Sale of Warehouse and Workflow Solutions Business
Honeywell Technologies has completed the sale of its Warehouse and Workflow Solutions (WWS) business to American Industrial Partners in an all-cash transaction. The deal marks a significant step in Honeywell's strategy to become a pure-play automation company, allowing management to concentrate resources on long-term growth opportunities within the Building, Industrial, and Process end markets.
The WWS business operates commercially under the Intelligrated and Transnorm brands. This divestiture aligns with the company's broader restructuring efforts aimed at leading the industrial sector's transition from automation to autonomy.
Vimal Kapur, chairman and CEO of Honeywell Technologies, stated that the completion of the WWS divestiture sharpens the company's identity as a pure-play automation entity. He noted that the sale enables the organization to focus more fully on leading the transition from automation to autonomy, thereby accelerating long-term value creation.