Garrett Motion Inc.
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Garrett Motion Inc. - overview
Established
2018
Location
-, -, Switzerland
Primary Industry
Automobiles, Other Vehicles & Parts
About
Founded in 2018 in Switzerland, Garrett Motion Inc. specializes in innovative automotive technologies, focusing on zero-emission and emission reduction solutions for various vehicle manufacturers worldwide. Garrett Motion Inc. develops advanced automotive technologies including turbocharging systems and electric powertrains.
The company was formed through a recapitalization deal in October 2020 and went public to private in January 2021, raising USD 2. 85 bn from investors such as Centerbridge Partners, Honeywell International Inc. , and Oaktree Capital Management. Its headquarters are located in Switzerland, and Olivier Rabiller serves as CEO.
Garrett has made 1 deal to date and completed the acquisition in April 2021, allowing it to emerge from Chapter 11 bankruptcy. Garrett Motion Inc. specializes in advanced automotive technologies, focusing on zero-emission and emission reduction solutions. The company's core product offerings include innovative turbocharging systems, electric powertrains, and thermal management solutions.
These products are essential for automotive manufacturers looking to meet stringent environmental regulations, serving a diverse clientele including original equipment manufacturers (OEMs) and commercial vehicle manufacturers across North America, Europe, and Asia. In 2023, Garrett Motion Inc. reported a revenue of USD 3. 89 bn and an EBITDA of USD 616 mn, generated through partnerships with OEMs and direct sales of advanced automotive technologies including its E-Turbo and hydrogen fuel cell systems.
Garrett Motion Inc. plans to leverage recent funding to support its expansion into new markets and the development of upcoming products. The company is working on enhancing its zero-emission technologies and aims to launch new products by 2024. Targeted markets for expansion include Southeast Asia and South America, with the goal of establishing a stronger presence by 2025.
The funding from the public to private transaction will facilitate the company's strategic initiatives and support its transition post-bankruptcy.
Current Investors
Oaktree Capital Management, Centerbridge Partners, Honeywell International Inc.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts, Electronic Components, Analytics & Performance Software
Website
www.garrettmotion.com/
Verticals
Artificial Intelligence, Electric & Hybrid Vehicles, Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Garrett Motion Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private | Completed | Garrett Motion Inc. | - |
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