Garrett Motion Inc. (Formerly Honeywell International Inc.)

Company Profile



Z.A. La Pièce 16, 1180 Rolle, Switzerland

Business Overview

-Garrett Motion designs, manufactures and sells highly engineered turbocharger, electric-boosting and connected vehicle technologies for OEMs and the aftermarket.

-Garrett Motion was previously operating as the Transportation Systems division of Honeywell International Inc. until its spin-off on October 1, 2018.

-In 2021, light vehicle products for passenger cars, SUVs and light trucks accounted for approximately 81% of Garrett Motion’s revenues. Commercial vehicle products for on-highway trucks and off-highway trucks, construction, agriculture and power-generation machines accounted for 19%.

-Approximately 49% of Garrett Motion's 2021 revenues came from sales shipped from Europe, 34% from sales shipped from Asia and 16% from sales shipped from North America.


-The Company is listed on the Nasdaq Stock Market since May 3, 2021.


-Wastegate Turbochargers for gasoline engines
-Variable Geometry Turbos for gasoline engines
-Split Compression Variable Nozzle Geometry (SC-VNT) Turbo for gasoline engines
-Small Wastegate Turbochargers for diesel engines
-Variable Geometry Turbochargers for diesel engines
-Two Stage Parallel Turbochargers for diesel engines
-Two Stage Serial Turbochargers for diesel engines
-DAVNT (Double Axle VNT)
-Wastegate turbochargers for commercial vehicles 
-Free floating turbochargers for commercial vehicles
-Two Stage turbochargers for commercial vehicles

Electric and hybrid systems
-E-Turbo (Electrified turbo technology)
-Two Stage Electric Compressor for Fuel Cell Electric Vehicles
-48V Electric Compressor for Mild Hybrid Vehicles

Connected vehicle
-Onboard-to-offboard watchdog solution for the in-vehicle network
-OEM diagnostic and prognostic tools
-Fleet Early Warning System


Dec. 1999 Established by the merger between Honeywell Inc. and AlliedSignal Inc.
Oct. 2000 Although the Company and United Technologies Corp. had already signed a dispose agreement, General Electric announced it would acquire the Company for $45 billion.
May 2001 The U.S. Department of Justice approved the acquisition under the condition of divesting the Company's helicopter operations. The two companies approved the condition.
Jun. 2001 The European Commission proposed the divestitures of the Company's Aerospace division. GE refused the proposal.
Jul. 2001 The European Commission rejected the acquisition.
Oct. 2001 GE and the Company announced that they have terminated their merger agreement on October 2, 2001.
Aug. 2002 Acquired Invensys Sensor Systems.
Jan. 2003 The Company and Federal-Mogul Corp. entered into a letter of intent pursuant to which Federal-Mogul would acquire the Company's automotive Bendix Friction Materials business.
Feb. 2003 Acquired Sensotec Inc.
Aug. 2011 Egret Acquisition Corp., the Company's wholly-owned subsidiary, acquired EMS Technologies, Inc.
Jul. 2014 Sold Friction Materials business (Bendix Friction Materials) to Federal Mogul for USD 155 million.
Oct. 2018 Completed to spin-off its Transportation Systems Division as Garrett Motion  Inc.
Sep. 2020 Filed for Chapter 11 bankruptcy.
Apr. 2021 The Company emerged from bankruptcy.
May 2021 The Company common stock has commenced trading on the Nasdaq Global Select Market, under the ticker symbol “GTX.”.

Supplemental Information 1