By Connor Hart

Honeywell International is evaluating strategic alternatives for two of its business units, a move the industrial conglomerate said would streamline its business and create value ahead of its planned breakup.

"With a simpler and more-cohesive portfolio that serves the end markets of buildings, process and industrials, Honeywell will focus on our core areas of automation expertise, each of which is exposed to long-term secular growth drivers that position us as a powerful, global automation leader," Chief Executive Vimal Kapur said Tuesday.

The Charlotte, N.C., company, which makes everything from home thermostats to aircraft-landing gear, on Tuesday said the business under review--its productivity solutions and services unit, as well as its warehouse and workflow solutions segment--serve the transportation, warehouse and logistics markets.

Honeywell's productivity solutions and services business, which provides mobile computers, barcode scanners and printing solutions, brought in more than $1 billion in revenue last year.

The company's warehouse and workflow solutions business--which notched nearly $1 billion in revenue last year operating commercially under the brand names Intelligrated and Transnorm--provides supply-chain and warehouse automation projects, services and products, Honeywell said.

Both businesses "have deep customer and channel relationships, broad product offerings and innovative technologies that help improve efficiency, safety and productivity across the transportation, warehouse and logistics markets," Kapur said.

Honeywell will evaluate strategic alternatives for the businesses in tandem with continuing portfolio workstreams. Previously disclosed timelines for the separation of the company's solstice advanced materials segment later this year or early next year, as well as the separation of its aerospace business in the second half of 2026 won't be affected, it said.

The company noted there can be no assurance that pursuing strategic alternatives will result in any transaction or other outcome.

Also on Tuesday, Honeywell appointed Jim Masso as president and CEO of Honeywell Process Automation, effective July 14.

Masso has 20 years of experience in energy services, engineering, operations and management, the company said. He most recently served as president and CEO of Allied Power Group.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

July 08, 2025 07:44 ET (11:44 GMT)

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