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Honeywell Selects Garrett as Company Name for Transportation Business Spin-Off

| June 14, 2018

Honeywell

Honeywell announced Olivier Rabiller will remain as president and CEO of the company’s transportation systems business after it spins into a standalone, publicly traded company which will be rebranded “Garrett – Advancing Motion.”

The Garrett name ties back to Honeywell’s turbo origins in the 1950s. At that time, entrepreneur and engineer Cliff Garrett led a project team to develop a turbocharger for a Caterpillar D9 crawler tractor that launched in 1954, marking the beginning of the turbocharged era for the automotive industry. Since then, Transportation Systems technologies and innovations have been used by nearly every major global auto maker, resulting in approximately 100 million vehicles with our products and an average launch rate of 100 new applications annually spanning, gas, diesel, natural gas, electric and fuel cell powertrains.

Honeywell Transportation Systems has been using the Garrett name to brand its current portfolio of aftermarket replacement and performance upgrade turbochargers for gasoline and diesel passenger and commercial vehicles.

The decision was made to name the new company Garrett to acknowledge its long history of innovation while adding the tag line ” Advancing Motion” to embrace the future and the broader portfolio of differentiated products and services that Transportation Systems offers its global customers.

According to Transportation Systems President and CEO Olivier Rabiller, “Moving forward, the Garrett name will continue to be synonymous with turbocharging technologies and also support the tangible progress and investments we have made in electric products, software and connected vehicles, and the future growth we see reshaping our industry.”

On Oct. 10, 2017, Honeywell announced its intention to spin its Transportation Systems business as well as its Honeywell Homes product portfolio and ADI global distribution business into two standalone, publicly traded companies. Garrett Motion Inc will be the legal entity name of the publicly-traded company upon successful completion of the spin (www.GarrettMotion.com). The Homes spin is expected to close by the end of the year.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials.

Category: General Update, News

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