SKF names automotive spin-off SKF Vertevo

SKF has announced that its Automotive business will be known as SKF Vertevo, when it becomes a stand-alone company.

The move forms part of SKF’s plans 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”.

SKF aims to list SKF Vertevo on Nasdaq Stockholm during Q4 2026, subject to board and shareholder approval.

The SKF Automotive business is still part of the SKF Group and a subsidiary of AB SKF, the company said.

“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,” said Rickard Gustafson, president and CEO.

Kerstin Enochsson, president of Automotive, added: “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.”

SKF Automotive (UK) will be exhibiting at the 2026 Auto Trade EXPO, which takes place alongside the CV Workshop EXPO from 10th -11th October at the RDS Simmonscourt in Dublin.