Garrett Motion
Garrett Motion is a Switzerland-based automotive and industrial technology company specializing in turbochargers, electric boosting systems, and oil-free centrifugal compressors, serving global automotive OEMs, commercial vehicle manufacturers, industrial HVAC/data center customers, and aftermarket distributors across 90+ countries.
- Company typePublic
- Founded2018
- HeadquartersRolle, Switzerland
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Garrett Motion does
Garrett Motion Inc. is a Switzerland-domiciled, publicly traded automotive and industrial technology company (NYSE: GTX, founded 2018 as a Honeywell spin-off) specializing in turbocharging and electrification technologies. Its core product portfolio includes gasoline and diesel turbochargers, large-frame MEG turbochargers for marine and power generation, electric boosting systems (E-Powertrain), oil-free foil-bearing centrifugal compressors for HVAC and data center cooling, and E-Cooling Compressors for electric vehicle thermal management. The company's underlying technology leverages proprietary foil-bearing compressor architecture with ultra-high-speed motors exceeding 160,000 RPM, achieving double cooling capacity, 50% size reduction, and 45,000-hour maintenance-free operation. R&D and manufacturing infrastructure includes Asia's largest turbocharger laboratory in Shanghai plus a Wuhan innovation center, supporting localized end-to-end capabilities in China where cumulative turbocharger deliveries have reached 40 million units since 1994.
Garrett generates revenue through four primary streams: direct OEM sales of turbochargers and electric boosting systems to global automakers under long-term supply contracts; an authorized aftermarket distribution network in 90+ countries for replacement parts (Garrett Original and MAXLIFE lines); industrial oil-free centrifugal compressors sold directly and through OEM-embedded partnerships with Trane Technologies, Ingersoll Rand, and Cling; and strategic co-development arrangements with industrial partners. The company targets $1 billion in revenue outside automotive turbochargers by 2030 and projects that over 50% of its $5 billion 2030 sales target will come from commercial vehicles, industrial, and zero-emission segments. Strategic marquee relationships include Scuderia Ferrari HP (F1 motorsport since 2014), Weichai Power (marine/genset since 1998), and emerging EV thermal management partnerships.
In FY2025 the company generated $3.584 billion in net sales with a 14.2% adjusted EBIT margin and $403 million in adjusted free cash flow, with Q1 2026 revenue of $985 million growing 12% year-over-year. Following its April 2021 emergence from Chapter 11 restructuring (supported by Centerbridge Partners and Oaktree Capital Management) and Nasdaq listing under ticker GTX, Garrett has aggressively pivoted from a pure-play ICE turbocharger supplier to a diversified turbo, electrification, and industrial cooling technology platform. The company is actively pursuing industrial diversification through partnerships with Trane, Ingersoll Rand, TONFY, and Cling, with mass production of new industrial cooling products scheduled for 2026-2027. Capital allocation includes a $250 million 2026 share repurchase program, and the company declared a $0.08 quarterly dividend representing a 33% increase.
Garrett Motion firmographics
Firmographics- Name
- Garrett Motion
- Legal name
- Garrett Advancing Motion Inc.
- Website
- https://garrettmotion.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Garrett Motion is a Switzerland-based automotive and industrial technology company specializing in turbochargers, electric boosting systems, and oil-free centrifugal compressors, serving global automotive OEMs, commercial vehicle manufacturers, industrial HVAC/data center customers, and aftermarket distributors across 90+ countries.
- Ownership category
- akta.pro rank
Garrett Motion industry classification
Industry- Product category
- Automotive Turbocharging and Electrification Technology
- NAICS
- Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Air and Gas Compressor Manufacturing (333912), Fluid Power Pump and Motor Manufacturing (333996), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635)
- SIC
- Engines & Turbines (3510), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564), Motors & Generators (3621)
- akta.pro primary industry
- Fuel & Air Induction Systems Manufacturing (Injectors/Carburetion/Intake) (IMACAHAC)
- akta.pro secondary industries
- Automotive Compressors & Electric Compressors (A/C) (IMACALAB), Air & Gas Compressors (General Purpose) (IMAHANAE), Hybrid Powertrain Integration Manufacturing (ICE-HEV/PHEV modules) (IMACAHAJ)
Keywords
Where Garrett Motion is headquartered
LocationHeadquarters
- HQ city
- Rolle
- HQ country
- Switzerland
- HQ region
- Europe
Offices3 records
Markets served
Garrett Motion business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales
Revenue model
- Original Equipment (OEM) Turbochargers: Sale of turbochargers and electric boosting systems to automotive OEMs for new vehicle production. Revenue is generated through long-term supply contracts with major global automakers across passenger car, commercial vehicle, and industrial engine applications.
- Aftermarket Products: Sale of replacement turbochargers and components through authorized aftermarket distributors globally. Supports the existing vehicle fleet with maintenance and repair needs, utilizing the Garrett Original and MAXLIFE product lines.
- Industrial Compressors: Oil-free centrifugal compressors for HVAC, data center cooling, battery energy storage systems, and commercial vehicle thermal management. Targets over 5% of revenue from industrial cooling by decade's end, with goal of $1 billion in revenues outside automotive turbocharger business by 2030.
- Strategic Technology Partnerships: Co-development arrangements with industrial partners including Trane Technologies, Ingersoll Rand, and TONFY for next-generation oil-free compressor technology. Initial products launching with select customers in 2026, broader rollout in 2027.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Quarterly | Quarterly cash dividend |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Garrett Motion product offering
Product offeringCore offering
Garrett Motion designs and manufactures turbochargers (gasoline, diesel, and large-frame MEG platforms), electric boosting systems, and proprietary oil-free foil-bearing centrifugal compressors for automotive OEMs and industrial customers. The company supplies turbocharging and electrification technologies for passenger vehicles, commercial vehicles, marine propulsion, power generation, HVAC, data center cooling, and battery energy storage systems. It also distributes replacement turbochargers through authorized aftermarket distributors via a B2B eOrder platform.
Product overview
Garrett Motion is a global technology company specializing in turbocharging and electrification solutions for the automotive and industrial markets. The company's product portfolio centers on turbochargers (including wastegate, variable geometry, and large-frame MEG platforms for marine and industrial applications), electric powertrain technologies (E-Powertrain and E-Cooling Compressor for thermal management), and industrial oil-free centrifugal compressors for HVAC and cooling applications. Garrett has expanded from its traditional internal combustion engine turbocharger foundation into zero-emission vehicle technologies, offering products for hybrid vehicles, battery energy storage thermal management, and hydrogen fuel cell applications. The company also serves the aftermarket through the Garrett Original MAXLIFE line and operates a B2B eOrder digital platform for authorized distributors.
Differentiator
Problem solved
Functional benefit
Brands
- Garrett by Honeywell: Brand identity used in partnership with Scuderia Ferrari HP for Formula 1 turbo systems
- Garrett
Products and services
- Oil-Free Centrifugal Compressor High-speed centrifugal compressor technology providing oil-free air compression for HVAC, refrigeration, and industrial cooling applications. Supports ultra-low-GWP refrigerants and delivers over 10% energy savings compared to traditional scroll and screw designs, with maintenance-free operation up to 45,000 hours.
- MEG Turbocharger Large-frame turbocharger platform designed for demanding large-bore engines in marine propulsion, power generation, and data center backup systems. Supports diesel, natural gas, and alternative fuels.
- E-Cooling Compressor Oil-free, foil bearing-based centrifugal compressor for electric vehicle thermal management. Features ultra-high-speed motor exceeding 160,000 RPM, delivering up to 50% size reduction, 30% weight reduction, and 10 dB noise reduction compared to conventional scroll compressors. Supports 400V–800V heat pump systems with up to 45,000 hours maintenance-free operation.
- E-Powertrain Electric powertrain technology including high-speed E-Powertrain systems targeting 2027 ramp-up. First series production award obtained for zero-emission vehicle applications.
- Garrett Original MAXLIFE Aftermarket Product Line Aftermarket product line of replacement turbochargers and components for older vehicles, extending the Garrett brand into the vehicle service and replacement parts market through authorized distributors globally.
- eOrder B2B Ordering Platform B2B online ordering platform enabling authorized aftermarket distributors to place orders for replacement turbochargers and components. Built on SAP UI5 technology with browser compatibility for Chrome, Mozilla Firefox, and Microsoft Edge.
- Electric Boosting Technology
Quantifiable outcome
- Over 10% energy savings in industrial cooling applications using oil-free centrifugal compressors versus existing solutions
- +4 more outcomes
Companies that use Garrett Motion
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Garrett Motion technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Garrett Motion partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, strategic and flagship.
- Ingersoll RandcoreMultiyear strategic partnership to co-develop next-generation oil-free air technologies for industrial compression systems targeting food and beverage and life sciences sectors. The collaboration combines Ingersoll Rand's compression technology leadership with Garrett's advanced oil-free centrifugal compressor modules to deliver greater energy efficiency, performance, and reliability. Initial products planned for select customers in 2026, broader rollout in 2027.
- TONFYstrategicCollaboration with TONFY to integrate Garrett's oil-free centrifugal compressor technology into liquid cooling systems for battery energy storage and other high-density applications. The partnership is positioned as a potential step toward diversifying the company's revenue beyond traditional automotive markets toward industrial cooling applications.
- TONFYstrategicCollaboration to advance next-generation liquid cooling solutions for battery energy storage systems, combining TONFY's energy storage liquid cooling integration expertise with Garrett's oil-free centrifugal compressor technology. Garrett's technology demonstrated approximately double the cooling capacity, over 10% efficiency improvement, and noise levels below 75 dB(A) in testing. Technology will be integrated into TONFY's 80 kW liquid cooling units for outdoor containerized energy storage systems, with mass production planned for 2027 targeting both China and overseas markets.
- ClingcoreFirst serial production contract for Garrett's breakthrough oil-free, foil bearing centrifugal compressor by Chinese commercial vehicle HVAC leader Cling for electric bus and truck HVAC systems. The E-Cooling Compressor features ultra-high-speed motor exceeding 160,000 RPM with up to 50% size reduction and 30% weight reduction versus traditional scroll compressors. Production scheduled to begin in 2027 following joint testing during 2025.
- Trane TechnologiescoreLandmark collaboration to integrate Garrett's oil-free high-speed centrifugal compressors into commercial HVAC and chiller applications, with initial units available in 2026 and broader production from 2027. The partnership targets over 5% of revenue from industrial cooling by decade's end, leveraging Garrett's technology for Trane's commercial HVAC product portfolio.
- Weichai PowercoreFirst commercial deployment of Garrett's largest MEG turbocharger platform through partnership with Weichai for next-generation large-bore engine programs. The application targets higher power output uses in marine propulsion and power generation systems, marking an expansion of Garrett's advanced turbocharging technologies into new market segments. The partnership dates to 1998.
- Clingcore2027 launch planned with Cling for an oil-free cooling compressor for electric trucks and buses that is 50% smaller and 30% lighter than traditional solutions. The collaboration supports Cling's goal of becoming a leading provider of integrated HVAC and thermal management solutions for commercial vehicles.
- Scuderia Ferrari HPflagshipRenewed long-standing technical partnership with Scuderia Ferrari HP to develop and supply next-generation turbo systems for Ferrari's Formula 1 power unit starting with the 2026 FIA regulation cycle. The partnership, which began in 2014 with the introduction of Formula 1's hybrid turbo era, focuses on delivering greater efficiency, faster energy recovery, and sharper responsiveness aligned with new regulations requiring a significantly larger electric contribution.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Garrett Motion competitors and assessment
Company assessmentDirect peers
- BorgWarner: Closest direct peer in turbocharging and electric boosting technologies for passenger and commercial vehicle OEMs, with overlapping portfolios in e-boosting and electrified powertrain components.
- Mahle: Direct peer in automotive powertrain components including turbochargers and thermal management, with comparable presence in passenger vehicle and commercial vehicle OEMs.
- IHI Corporation: Direct competitor in turbocharger manufacturing, particularly strong in heavy-duty, marine, and industrial applications, overlapping with Garrett's MEG turbocharger platform.
- Valeo: Automotive supplier with overlapping portfolios in electrified powertrain, thermal management for EVs, and 48V/hybrid systems, competing with Garrett in both passenger and commercial vehicle electrification.
Broad incumbents
- Continental AG: Broad automotive supplier with powertrain and turbocharger product lines, supplying major OEMs globally; competes directly with Garrett in turbo technology while operating across a much wider portfolio.
- Bosch: Massive broad-line automotive supplier producing turbochargers, fuel systems, and electric powertrain components; competes with Garrett across multiple product lines while serving a far larger OEM customer base.
- Ingersoll Rand: Industrial air compression leader and Garrett's strategic co-development partner for oil-free air technologies, with comparable exposure to industrial customers in food & beverage and life sciences.
- Atlas Copco: Global industrial compressor and vacuum solutions leader, competing in oil-free compressor markets targeted by Garrett's new industrial cooling product line.
Emerging players
- Trane Technologies: Strategic OEM partner integrating Garrett's oil-free centrifugal compressors into commercial HVAC products; an adjacent peer in the HVAC value chain and direct route-to-market for Garrett's industrial cooling growth.
- Modine Manufacturing: Thermal management specialist for EVs, data centers, and industrial applications; competes with Garrett's E-Cooling and industrial cooling product lines in adjacent thermal management niches.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Garrett Motion social profiles
Digital presenceGarrett Motion financial estimates
Financial estimateRevenue estimate
Valuation estimate
Garrett Motion leadership team
Management profileNumber of profiles
Profiles8 records
Garrett Motion subsidiaries and ownership
Company hierarchySubsidiaries1 record
Garrett Motion funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Garrett Motion M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Garrett Motion
What does Garrett Motion do?
Garrett Motion designs and manufactures turbochargers (gasoline, diesel, and large-frame MEG platforms), electric boosting systems, and proprietary oil-free foil-bearing centrifugal compressors for automotive OEMs and industrial customers. The company supplies turbocharging and electrification technologies for passenger vehicles, commercial vehicles, marine propulsion, power generation, HVAC, data center cooling, and battery energy storage systems. It also distributes replacement turbochargers through authorized aftermarket distributors via a B2B eOrder platform.
Is Garrett Motion a public or private company?
Garrett Motion is a public company. It is classified as public and is currently operating.
When was Garrett Motion founded?
Garrett Motion was founded in 2018. It employs 5,001 to 10,000 people.
Where is Garrett Motion based?
Garrett Motion is headquartered in Rolle, Switzerland, in the Europe region.
How does Garrett Motion make money?
Four revenue lines are on record. Original Equipment (OEM) Turbochargers are the primary driver. The others are aftermarket Products, industrial Compressors and strategic Technology Partnerships.
Who are Garrett Motion's main competitors?
Direct peers on record are BorgWarner, Mahle, IHI Corporation and Valeo. Broad incumbents are Continental AG, Bosch, Ingersoll Rand and Atlas Copco. Emerging players are Trane Technologies and Modine Manufacturing.
Does Garrett Motion have an API?
No public API is recorded for Garrett Motion.
What industry is Garrett Motion in?
Garrett Motion's product category is Automotive Turbocharging and Electrification Technology. Its primary akta.pro industry code is IMACAHAC, Fuel & Air Induction Systems Manufacturing (Injectors/Carburetion/Intake), with a secondary code of IMACALAB, Automotive Compressors & Electric Compressors (A/C). Its NAICS code is 3336 and its SIC code is 3510.