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NewCo
Temporary name for a company From Wikipedia, the free encyclopedia
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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]
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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
- 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)[6]
- Siemens semiconductor subsidiary → Infineon
- Barnes & Noble Nook's subsidiary → Nook Media[7]
- 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[8]
- Fortive precision technology companies → TBD[9]
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See also
References
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