American Industrial Partners – AIP, an industrial investor with an operational focus, announced on April 23, 2026, that a fund it manages has entered into a definitive agreement in order to acquire Honeywell’s Warehouse and Workflow Solutions – WWS business. Terms of the deal have not been disclosed.
It is well to be noted that WWS happens to be a leading supplier of material handling and warehouse automation solutions, having almost $935 million in revenue in 2025. Projects, services and products include automated sortation systems, palletisers and conveyors, as well as robotics solutions and aftermarket services along with software. Supported by over 3,300 employees, the business has been established on the legacies of Intelligrated and Transnorm and has a worldwide customer base.
The investment from AIP in Warehouse and Workflow Solutions follows on from its investment in Trew, which is a U.S.-based manufacturer and integrator when it comes to automated material handling systems and software.
A partner at AIP, Murray Grainger, says that “as demand for warehouse automation continues to grow, driven by e-commerce, labour shortages, and supply chain digitization, WWS is well-positioned to capitalize on these tailwinds. 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.”
Trew CEO Alfred Rebello remarks that “Intelligrated and Transnorm are highly regarded brands in warehouse automation, built on the strength of their people and long-standing customer relationships. We are excited to partner with the WWS team to build on these foundations and continue delivering for customers.”
The deal is conditioned by customary closing terms, which include receipt of required regulatory approvals, and is anticipated to close in H2 of 2026. Evercore is serving as the exclusive financial advisor to AIP, which has retained Ropes & Grey LLP as transaction and financing counsel along with Baker Botts LLP as their regulatory counsel.
