Honeywell has announced plans to evaluate alternatives for its productivity services and warehouse and workflow businesses, which serve the transportation, warehouse and logistics markets.

The aim is to simplify its portfolio to accelerate value creation ahead of its planned separation into three independent companies, which is expected to be complete in the second half of 2026.

“This announcement marks an important milestone in positioning Honeywell for success as a pure-play automation business following our planned Honeywell Aerospace separation next year,” said Vimal Kapur, CEO of Honeywell. “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.”

Productivity services, with 2024 revenue of more than $1bn, provide mobile computers, barcode scanners and printing products for the warehouse and logistics market. Warehouse and workflow, which generated nearly $1bn in revenue in 2024, provide supply chain and warehouse automation projects, services and products, including automated sortation systems, palletisers, conveyors and robotics as well as aftermarket services and software. It operates commercially under the brand names Intelligrated and Transnorm.

Kapur said both had deep customer and channel relationships, broad product offerings and innovative technologies that helped improve efficiency, safety and productivity across the transportation, warehouse and logistics markets.

“We are encouraged by the recent performance and intend to seek opportunities to build on their unique strengths as we determine the best path forward that maximises value for all our stakeholders,” he said.

As Honeywell continues shaping its portfolio ahead of the planned separation (www.honeywell.com/us/en/press/2025/02/honeywell-announces-portfolio-update), it has also appointed industry veteran Jim Masso to lead its process automation business. Masso will serve as CEO of Honeywell Process Automation, effective this week. He brings 20 years of experience in energy services, engineering, operations and management, most recently as CEO of Allied Power Group. Prior to that, he held several senior leadership roles at General Electric and delivered transformations across GE’s energy portfolio.

“We are pleased to welcome Jim Masso to Honeywell to lead our process automation business,” said Kapur. “Having dedicated his career to leading complex, large-scale projects across the industry, he brings a deep understanding of the energy sector and an extensive background in driving customer-centric innovation that make him well-suited to lead this business into its next chapter of growth and innovation.”

Honeywell (www.honeywell.com) says its evaluation of alternatives for its productivity and warehouse businesses will run in parallel with ongoing portfolio workstreams and will not impact previously announced timelines for the separations of Solstice Advanced Materials by the end of 2025 or early 2026, and Honeywell Aerospace in the second half of 2026.