Honeywell announced today that it is selling its Warehouse and Workflow Solutions (WWS) business (comprised of the Intelligrated and Transnorm brands) to American Industrial Partners, a private equity firm focused on industrial businesses.

The transaction is expected to be completed in the second half of 2026. Intelligrated and Transnorm are leading providers of supply chain and warehouse automation projects, products, and services, generating approximately $935 million in revenue in 2025. Details of the deal were undisclosed.

WWS will build on AIP’s existing investment in Trew Automation, creating a complementary and differentiated platform to better serve customers across a wide range of industries.

“As demand for warehouse automation continues to grow, driven by e-commerce, labor shortages, and supply chain digitization, WWS is well-positioned to capitalize on these tailwinds,” said Murray Grainger, a partner at AIP. “Built on the strong foundation of the Intelligrated platform, the business combines leading technology, a broad installed base, and longstanding customer relationships. We look forward to partnering with the WWS and Trew teams to create a complementary platform that builds on these strengths and supports the Company’s next phase of growth.”

Honeywell Intelligrated provides end-to-end warehouse automation and systems integration designed to address labor shortages, rising costs, and throughput demands through a software-first approach, including projects, services, and products such as automated sortation systems, palletizers, conveyors, and robotics solutions, as well as aftermarket services and software.

Inside Intelligrated and Transnorm’s years at Honeywell

Honeywell completed its acquisition of Intelligrated from Permira (a private equity firm that had acquired Intelligrated in 2012) on August 30, 2016. The deal was valued at approximately $1.5 billion and was originally announced on July 1, 2016. At the time, Honeywell reportedly outbid other industrial giants (including Toyota Industries) to secure the company.

Honeywell Transnorm offers “industry standard” belt curve technology and serves the airport, post and parcel, and e-commerce sectors across five continents. Honeywell completed its acquisition of Transnorm on November 9, 2018. The deal was originally announced on October 1, 2018, when Honeywell signed an agreement to purchase the warehouse automation business from IK Investment Partners for approximately €425 million (about $492 million).

“As demand for warehouse automation continues to grow, driven by e-commerce, labor shortages, and supply chain digitization, WWS is well-positioned to capitalize on these tailwinds,” said Murray Grainger, Partner at AIP. “Built on the strong foundation of the Intelligrated platform, the business combines leading technology, a broad installed base, and longstanding customer relationships. We look forward to partnering with the WWS and Trew teams to create a complementary platform that builds on these strengths and supports the Company’s next phase of growth.”

“Intelligrated and Transnorm are highly regarded brands in warehouse automation, built on the strength of their people and long-standing customer relationships,” said Alfred Rebello, Trew CEO. “We are excited to partner with the WWS team to build on these foundations and continue delivering for customers.”

This announcement is the latest in a series of strategic decisions to break up Honeywell and refocus the company on its core business.

On April 20, 2026, Honeywell announced that it had agreed to sell its Productivity Solutions and Services business to Brady Corporation, an international manufacturer of identification and protection solutions, for $1.4 billion in an all-cash transaction. In 2024, Honeywell divested its personal protective equipment business and, in October 2025, spun off its advanced materials business as Solstice Advanced Materials.

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