Garrett Motion Inc. (Formerly Honeywell International Inc.)

Company Profile

■URL

https://www.garrettmotion.com/

■Address

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

Business Overview

-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.

Shareholders

-The Company is listed on the New York Stock Exchange.

Products

Turbochargers
-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

Electric Compressors
-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 & Prognostic
-Fleet Early Warning System

History

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