On the 29th March 1952 with Mr D M Henshaw as Chairman and Mr Paul J F Croset as the Managing Director, Holset was born as a Limited Company, a wholly owned subsidiary of BHD Engineering Limited Group. The name Holset was created from the names of HOLmes and CroSET.

In 1973 the ownership of Holset changed twice, first with the purchase by the Hanson Trust and then by Cummins Engine Company Inc.

In 1998 Holset launches the world's first sliding wall variable geometry turbocharger (VGT)