Private equity firm American Industrial Partners (AIP) will acquire the Warehouse and Workflow Solutions (WWS) piece of Honeywell’s business.

AIP did not disclose the terms of the deal, which is expected to close in the second half of 2026.

Honeywell operates across logistics and warehouses, manufacturing, retail, data centers and other industries.

Meanwhile, AIP’s portfolio includes industrial businesses across aerospace, mining, energy and other sectors. The firm reports revenue of about $29 billion annually.

Why AIP is acquiring WWS from Honeywell

Honeywell’s WWS business recorded approximately $935 million in revenue in 2025. WWS provides warehouse automation products, including sortation systems, robotics and software under the Intelligrated and Transnorm brands. 

It employs more than 3,300 people and serves a global customer base across distribution, logistics and manufacturing.  

“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,” AIP partner Murray Grainger said in a written statement.  

AIP said it plans to combine WWS with its existing portfolio company Trew, a U.S.-based provider of automated material handling systems, to create a scaled platform in warehouse automation.

Honeywell’s portfolio reset

Selling WWS is part of Honeywell’s broader effort to streamline its operations and focus on higher-growth segments, the company said. 

In February 2025, Honeywell announced plans to turn the business into three separate public companies: Honeywell Automation, Honeywell Aerospace, and Honeywell Materials, while divesting in other areas.

Earlier this week, Honeywell also agreed to sell its Productivity Solutions and Services (PSS) business to Brady Corp. for $1.4 billion.

“With the PSS divestiture, we are nearing completion of our multi-year portfolio transformation, further accelerating value creation as we prepare to separate our Aerospace and Automation businesses into two independent industry leading public companies. The sale also enables us to continue strengthening our financial and operational focus on the company’s core businesses,” said Vimal Kapur, Chairman and CEO of Honeywell, in an April 20 statement.

Honeywell also continues to invest in software and artificial intelligence, with the January launch of an AI smart shopping platform.

Warehouse automation remains relevant

As Honeywell divests its WWS business, other B2B and B2C companies are expanding their warehouse automation capacity.

Most recently, Home Depot announced its acquisition of warehouse technology company Simpl Automation. The home improvement retailer said that Simpl’s expertise in automation technology would make same-day and next-day fulfillment faster, citing faster pick-up speeds, faster cycle times and fewer product touches in an early pilot program.

Currently, The Home Depot ranks fourth in the Top 2000 Database. The Digital Commerce 360 database ranks North America’s largest online retailers by their annual ecommerce sales and more.

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