NewCo
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Template:Short description A NewCo or Newco is a term used to describe a corporate spin-off, startup, or subsidiary company before they are assigned a final name, or to proposed merged companies to distinguish the to-be-formed combined entity with an existing company involved in the merger which may have the same (or a similar) name.[1] In a handful of cases the new company may retain the name "Newco".[2]
The term can also be used to describe a company that was created to replace its predecessor, which ceased to exist for reasons such as financial issues: the creation of a NewCo to continue the existence of Rangers F.C. was a notable example.[3]
Examples
- IBM GTS - Managed Infrastructure Services → Kyndryl[4]
- 3M’s data storage business (spun off in 1996) → Imation
- Abbott Laboratories pharmaceutical division → AbbVie
- Atlas Copco Mining and Rock Excavation Technique business area → Epiroc[5]
- AT&T computer hardware subsidiary → NCR
- Bayer chemicals operations → Lanxess
- BP petrochemicals group → Innovene
- Merged entity of Cedar Fair and Six Flags → CopperSteel HoldCo, Inc. (immediately renamed Six Flags Entertainment Corporation)[6]
- Ford Motor Company vehicle components division → Visteon
- Hewlett-Packard instrumentation division → Agilent Technologies
- Karstadt merging with Quelle → Arcandor[1]
- Northwest Airlines regional operations → Compass Airlines
- Merged entity of NBC Universal and Comcast programming assets → NBCUniversal
- RAG AG (Degussa, Steag, Immobilien) → Evonik Industries[1]
- The Rangers Football Club plc (liquidated in 2012) → Sevco Scotland Ltd (later renamed The Rangers Football Club Ltd)[7]
- Siemens semiconductor subsidiary → Infineon
- Barnes & Noble Nook's subsidiary → Nook Media[8]
- DaimlerChrysler MTU Friedrichshafen division → Tognum[1] (later acquired by Rolls-Royce plc and now the Rolls-Royce Power Systems subsidiary)
- Merged entity of T-Mobile USA and MetroPCS → corporate name of T-Mobile US; kept both T-Mobile and MetroPCS (later modified to Metro by T-Mobile) brands[9]
- Fortive precision technology companies → TBD[10]
See also
References
- ^ a b c d Page Module:Citation/CS1/styles.css has no content.Bialek, Catrin (12 September 2007). "Konzern investiert Millionen - Die Kunst der Erneuerung" (in Deutsch). Handelsblatt. Retrieved 24 November 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."Oldco/Newco and the Transfer of Company Ownership". Parker, Smith & Feek – Business Insurance | Employee Benefits | Surety. 19 October 2010. Retrieved 18 June 2022.
- ^ Page Module:Citation/CS1/styles.css has no content."Rangers newco refused SPL entry after chairmen vote". BBC Sport. 4 July 2012. Archived from the original on 14 November 2012. Retrieved 20 December 2012.
BBC Scotland has learned that 10 of the 12 clubs were in opposition, with Kilmarnock abstaining and Rangers voting in favour.
- ^ Page Module:Citation/CS1/styles.css has no content.Chaim Gartenberg (12 April 2021). "Kyndryl is IBM's wacky new name for its dry IT spinoff". The Verge. Retrieved 11 May 2022.
- ^ Page Module:Citation/CS1/styles.css has no content.Copco, Atlas. "All information on Epiroc split from Atlas Copco". Atlas Copco. Retrieved 15 March 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."CopperSteel HoldCo, Inc. Form S-4". United States Securities and Exchange Commission. 22 December 2023. Retrieved 21 March 2026.
- ^ Page Module:Citation/CS1/styles.css has no content."Lord Nimmo Smith Commission" (PDF). Scottish Professional Football League. 28 February 2013. Archived from the original (PDF) on 19 December 2014. Retrieved 25 November 2014.
On 14 June 2012 a newly incorporated company, Sevco Scotland Limited, purchased substantially all the business and assets of Oldco, including Rangers FC, by entering into an asset sale and purchase agreement with the joint administrators.
- ^ Page Module:Citation/CS1/styles.css has no content.Indvik, Lauren (4 October 2012), Microsoft and B&N Name Joint Venture: Nook Media, Mashable, retrieved 8 November 2014
- ^ Page Module:Citation/CS1/styles.css has no content."T-Mobile and MetroPCS Combination Complete - Wireless Revolution Just Beginning". Bonn, Germany and Bellevue, Washington. 1 May 2013. Archived from the original on 6 October 2014. Retrieved 30 September 2014.
- ^ Page Module:Citation/CS1/styles.css has no content."Fortive Announces Strategic Plans for Separation Into Two Independent Public Companies". Fortive Investor Relations (Press release). Fortive Corporation. 4 September 2024. Retrieved 27 December 2024.
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