{"id":104516,"date":"2026-02-27T09:54:48","date_gmt":"2026-02-27T12:54:48","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/896114687"},"modified":"2026-02-27T09:54:48","modified_gmt":"2026-02-27T12:54:48","slug":"skf-rebrands-stand-alone-automotive-unit","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/27\/skf-rebrands-stand-alone-automotive-unit\/","title":{"rendered":"SKF rebrands stand-alone automotive unit"},"content":{"rendered":"
\n
Source: SKF<\/figcaption><\/figure>\n<\/p><\/div>\n

SKF Vertevo will be the name of SKF\u2019s Automotive business as a stand-alone company, it says. The company said the announcement marks a significant milestone in SKF\u2019s process to create two strong, focused and independent businesses that can accelerate profitable growth and secure long-term value creation for customers, shareholders and other stakeholders.<\/p>\n

\u201cThe separation of our Automotive business is proceeding according to plan. Today marks another major step on this journey and on becoming a stand-alone company, as we reveal the name,\u201d said Rickard Gustafson, President and CEO.<\/p>\n

\n
\n
<\/figure>\n

Discover B2B Marketing That Performs <\/h4>\n

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms. <\/p>\n

Find out more <\/span><\/a><\/p>\n<\/section>\n<\/div>\n

\u201cThe name SKF Vertevo highlights our heritage and additionally combines two powerful ideas: vertere, Latin for\u2018to turn\u2019or \u2018to transform\u2019, and evo, short for \u2018evolution\u2019. Together, they express movement, progress, and change. It\u2019s short, bold, and memorable \u2013 a name that works across cultures and captures our story\u201d, says Kerstin Enochsson, President Automotive.<\/p>\n

As previously communicated, SKF\u2019s objective is to list SKF Vertevo on Nasdaq Stockholm during Q4 2026, subject to the Board of Directors proposing a distribution and listing of the Automotive business and the shareholders\u2019 approval.<\/p>\n

The SKF Automotive business is still part of the SKF Group and a subsidiary of AB SKF. The name SKF Vertevo will publicly start to be used in conjunction with a potential listing.<\/p>\n

The rationale for separation<\/strong><\/p>\n

SKF has said previously that given different business dynamics, end markets and success drivers for the Industrial and Automotive business segments, a separation will \u2018facilitate a clearer focus on distinct opportunities to enhance customer value, accelerate growth as well as improve efficiency and competitiveness\u2019.<\/p>\n

\u201cBoth businesses are global leaders in their respective fields and will through a clearer focus increase customer value and leverage on their strategies as standalone companies. The Board of Directors and Management therefore believe that long-term value can be created by splitting the Group into two separate companies, benefiting customers, employees and shareholders\u201d, said Hans Str\u00e5berg, Chair of SKF Board of Directors.<\/p>\n

SKF maintains that a separation would increase Automotive\u2019s ability to adapt faster to transforming global automotive markets, by allowing it to make independent business decisions and investments. A more tailored, leaner Automotive business model will further strengthen its competitive advantage and capture additional profitable growth opportunities, while at the same time accelerating its profitability transformation, the company said.<\/p>\n

<!– –><\/p>\n

\n