NewCo or Newco is a generic name for proposed corporate spin-off, startup, or subsidiary companies 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".
Examples
- IBM GTS - Managed Infrastructure Services →NewCo
- 3M data storage business→Imation
- Atlas Copco Mining and Rock Excavation Technique business area → Epiroc [2]
- AT&T computer hardware subsidiary→NCR
- Bayer chemicals operations→Lanxess
- BP petrochemicals group→Innovene
- →E.ON[1]
- Ford Motor Company vehicle components division→Visteon
- Hewlett-Packard instrumentation division→Agilent Technologies
- Karstadt Warenhaus AG merging with Quelle AG→Arcandor[1]
- Northwest Airlines regional operations→Compass Airlines
- Merged entity of NBC Universal & Comcast programming assets→ NBCUniversal
- RAG Beteiligungs-AG (Degussa, Steag, Immobilien AG → Evonik Industries[1]
- The Rangers Football Club Plc liquadated operations oldco to newco→Sevco Scotland Ltd
- Siemens semiconductor subsidiary→Infineon
- Barnes & Noble's Nook subsidiary → Nook Media [3]
- 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[4]
See also
- Advent corporation (placeholder)
- Placeholder name#Companies and organizations
References
- ^ a b c d e Bialek, Catrin (2007-09-12). "Konzern investiert Millionen - Die Kunst der Erneuerung" (in German). Handelsblatt. Retrieved 2019-11-24.
- ^ Copco, Atlas. "All information on Epiroc split from Atlas Copco". Atlas Copco. Retrieved 2019-03-15.
- ^ {{Citation
- Unit4 Student Management →NewCo
- ^ "T-Mobile and MetroPCS Combination Complete - Wireless Revolution Just Beginning". Bonn, Germany and Bellevue, Washington. May 1, 2013. Archived from the original on 2014-10-06. Retrieved 2014-09-30.