Honeywell spins off business unit for turbocharging and electrification technology

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Honeywell will spin off its Transportation Systems business unit by the end of the third quarter of 2018, creating a standalone, publicly traded company.

The soon-to-be-independent entity, which currently specializes in turbocharger technologies, is expanding its tech portfolio to meet the requirements of vehicles with electrified powertrains – including eboosting solutions and high-performance electric compressors for hydrogen fuel cell vehicles.

The new company will be headed up by president and CEO Olivier Rabiller – who has led the Transportation Systems business since July 2016.

“Olivier is a highly effective leader who is well respected in the automotive industry and has played a key role in the sustained outperformance of his business within Honeywell,” explained Honeywell chairman and CEO Darius Adamcyzk.

“We are excited about what Transportation Systems will accomplish as an independent company under Olivier’s leadership.”

The new business is also working on software solutions to monitor vehicle performance and health, as well as developing cybersecurity solutions.

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Matt joined UKi Media & Events in 2014 after seven years of living and working in Dubai. He has been a journalist for over a decade and has worked for a wide range of publications, including Rolling Stone, Time Out, iQ and Loaded. After starting out on the automotive team as deputy editor of Engine Technology International, Electric & Hybrid Vehicle Technology International and Transmissions Technology International, he began editing Electric & Hybrid Vehicle Technology International in 2016, and took over as editor of Tire Technology International in 2018.

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