SKF announces new automotive business name: SKF Vertevo

SKF Vertevo will be the new name of SKF's Automotive business as a standalone company. This announcement marks a milestone in SKF's journey to create two independent businesses that aim to accelerate profitable growth and secure long-term value creation for customers, shareholders, and other stakeholders. 

As previously communicated, 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 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 conjuction with a potential listing. 

A word from SKF

“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.

“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.