"Honeywell will sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash, it said on Friday, further streamlining its business. A potential sale of the PPE business was disclosed before activist Elliott Investment called for a split of the company's aerospace and automation businesses after taking a $5 billion-plus stake. Since taking charge last year, CEO Vimal Kapur has looked to align Honeywell's portfolio to a shift to the so-called megatrends of automation, aviation and energy transition. The sale of the PPE business, which is part of the company's industrial automation segment, is expected to close in the first half of 2025." #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #ppe #honeywell https://lnkd.in/eiY-nPaY
