According to Uanalyze, Honeywell has sold its storage logistics unit to Brady, a U.S.-listed identification and safety products company, in a deal announced in April 2026 and completed in August 2026 for $1.4 billion in cash. The unit produced mobile computers, barcode scanners, and printing equipment for warehousing operations. Richtek Electronics (3416-TW), a key supplier to Honeywell, is negotiating comprehensive new manufacturing contracts with Brady's team, while maintaining existing orders. In Q3 2026, Richtek shipped a batch of Honeywell products, generating $70–80 million in revenue this year. The company targets new contracts exceeding $20 million annually, 2.5 to 2.9 times current volumes.

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