SKF Vertevo will be the name of SKF’s Automotive business as a stand-alone company.

This announcement marks a significant milestone in SKF’s process to create two focused and independent businesses that can accelerate profitable growth and secure long-term value creation for customers, shareholders and other stakeholders.

“The 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,” says Rickard Gustafson, President and CEO.

On September 17, 2024, SKF’s Board announced its decision to initiate a separation of the Automotive business.

SKF’s 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’ approval.

“The name SKF Vertevo highlights our heritage and additionally combines two powerful ideas: vertere, Latin for ‘to turn’ or ‘to transform’, and evo, short for ‘evolution’. Together, they express movement, progress, and change. It’s short, bold, and memorable – a name that works across cultures and captures our story,” says Kerstin Enochsson, President Automotive.

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.

For more information about the new name, visit: https://automotive.skf.com/skfvertevo