Stuttgart/Düsseldorf, 15 February 2019
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) provided legal advice to the German entities of US-based Honeywell Group to spin off its Homes product portfolio (home heating, ventilation and air conditioning controls), as well as its Transportation Systems business (a turbocharging business comprising global automobile, truck and other vehicle markets), into two stand-alone, publicly-traded companies, Resideo Technology Inc. (former Homes business) and Garrett Motion Inc. (former Transportation Systems).
Garrett Motion Inc. common stock started regular-way trading on 1 October 2018 on the New York Stock Exchange and Resideo Technology Inc. common stock followed on 29 October 2018. 44 countries of the worldwide PwC Legal network were involved in these spin-offs.
PwC Legal Germany:
Robert Dorr, Dirk Krome (both lead advice, Corporate/International Business Reorganisations, Stuttgart)
Kristina Fliege (Corporate/International Business Reorganisations, Düsseldorf)
as well as Helena Schoch and Karsten Horch (both Corporate/International Business Reorganisations, Stuttgart)
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About PwC Legal
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (law firm PwC Legal) is represented with more than 230 lawyers at 17 locations in Germany. It provides integrated legal advice in cooperation with the business lines audit and assurance services (Assurance), tax consulting services (Tax) as well as deals and consulting (Advisory) of PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft. Sound technical know-how and practice-oriented economic understanding characterize the way we work.
PwC Legal is a member of the worldwide PwC Legal network, with more than 3,500 lawyers offering their services in 90 countries worldwide.
The common purpose of PwC is to build trust in society and solve important problems. With a network of firms in 158 countries, more than 250,000 people are committed to providing high-value sector-specific services in the fields of Auditing, Tax and Business Consulting.
The brand name, PwC, refers to the PwC network and/or to one or several of its member firms, each of which is a separate legal entity. Further details under www.pwc.com/structure.