Garrett Motion Inc. (Formerly Honeywell International Inc.)
-The Company designs, manufactures and sells highly engineered turbocharger, electric-boosting and connected vehicle technologies for OEMs and the aftermarket.
-The Company had been operated as Transportation Systems Division of Honeywell International Inc. till its spin-off on October 1, 2018.
-In 2018, light vehicle products (products for passenger cars, SUVs, light trucks, and other products) accounted for approximately 66% of its revenues. Commercial vehicle products (products for on-highway trucks and off-highway trucks, construction, agriculture and power-generation machines) accounted for 20%.
-Approximately 56% of the Company's 2018 revenues came from sales shipped from Europe, 28% from sales shipped from Asia and 15% from sales shipped from North America.
-The Company is listed on the New York Stock Exchange.
-Wastegate Turbochargers for Gasoline Engines
-Variable Geometry Turbos 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
-Commercial Vehicle Wastegate / Free Floating Turbochargers
-Two Stage Electric Compressor for Fuel Cell Electric Vehicles
-48V Electric Compressor for Mild Hybrid Vehicles
-Onboard-to-offboard watchdog solution for the in-vehicle network
-OEM Diagnostic & Prognostic
-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.|
Supplemental Information 1
Honeywell International Inc.
>>>Business Report Until FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2015
>>>Business Report FY ended Dec. 31, 2016
>>>Business Report FY ended Dec. 31, 2017
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss