Honeywell to sell unit for $1.4B

The deal includes Honeywell's hand-held scanner and mobile computing business, which Brady aims to integrate into its own identification and safety solutions.

The acquisition is expected to significantly expand Brady's market reach and technological capabilities in the automated data capture sector.

Honeywell's stock remained relatively stable following the announcement, as investors weighed the impact of the sale on future earnings.

The transaction is subject to regulatory approvals and is expected to close later this year.