# NewCo

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A **NewCo** or **Newco** is a term used to describe a [corporate spin-off](/source/Corporate_spin-off), [startup](/source/Startup_company), 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](/source/Administration_and_liquidation_of_The_Rangers_Football_Club_plc) of a NewCo to continue the existence of [Rangers F.C.](/source/Rangers_F.C.) was a notable example.[3]

## Examples

- [IBM](/source/IBM) GTS - Managed Infrastructure Services → [Kyndryl](/source/Kyndryl)[4]
- [3M](/source/3M)’s data storage business (spun off in 1996) → [Imation](/source/GlassBridge_Enterprises)
- [Abbott Laboratories](/source/Abbott_Laboratories) pharmaceutical division → [AbbVie](/source/AbbVie)
- [Atlas Copco](/source/Atlas_Copco) Mining and Rock Excavation Technique business area → [Epiroc](/source/Epiroc)[5]
- [AT&T](/source/AT%26T) computer hardware subsidiary → [NCR](/source/NCR_Voyix)
- [Bayer](/source/Bayer) chemicals operations → [Lanxess](/source/Lanxess)
- [BP](/source/BP) petrochemicals group → [Innovene](/source/Innovene)
- Merged entity of [Cedar Fair](/source/Cedar_Fair) and [Six Flags](/source/Six_Flags_(1961%E2%80%932024)) → [CopperSteel HoldCo, Inc.](/source/Six_Flags) (immediately renamed Six Flags Entertainment Corporation)[6]
- [Ford Motor Company](/source/Ford_Motor_Company) vehicle components division → [Visteon](/source/Visteon)
- [Hewlett-Packard](/source/Hewlett-Packard) instrumentation division → [Agilent Technologies](/source/Agilent_Technologies)
- [Karstadt](/source/Karstadt) merging with Quelle → [Arcandor](/source/Arcandor)[1]
- [Northwest Airlines](/source/Northwest_Airlines) regional operations → [Compass Airlines](/source/Compass_Airlines_(North_America))
- Merged entity of [NBC Universal](/source/NBC_Universal) and [Comcast programming assets](/source/List_of_assets_owned_by_Comcast#Programming) → [NBCUniversal](/source/NBCUniversal)
- [RAG AG](/source/RAG_AG) ([Degussa](/source/Degussa), [Steag](/source/Steag), [Immobilien](/source/Immobilien)) → [Evonik Industries](/source/Evonik_Industries)[1]
- [The Rangers Football Club plc](/source/Rangers_F.C.#Insolvency_and_the_lower_leagues) (liquidated in 2012) → [Sevco Scotland Ltd](/source/Rangers_F.C.#Insolvency_and_the_lower_leagues) (later renamed The Rangers Football Club Ltd)[7]
- [Siemens](/source/Siemens) semiconductor subsidiary → [Infineon](/source/Infineon)
- [Barnes & Noble Nook](/source/Barnes_%26_Noble_Nook)'s subsidiary → Nook Media[8]

- [DaimlerChrysler](/source/Mercedes-Benz_Group) [MTU Friedrichshafen](/source/MTU_Friedrichshafen) division → [Tognum](/source/Tognum)[1] (later acquired by [Rolls-Royce plc](/source/Rolls-Royce_Holdings) and now the [Rolls-Royce Power Systems](/source/Rolls-Royce_Power_Systems) subsidiary)
- Merged entity of [T-Mobile USA](/source/T-Mobile_USA) and [MetroPCS](/source/MetroPCS) → corporate name of [T-Mobile US](/source/T-Mobile_US); kept both T-Mobile and MetroPCS (later modified to [Metro by T-Mobile](/source/Metro_by_T-Mobile)) brands[9]
- [Fortive](/source/Fortive) precision technology companies → TBD[10]

## See also

- [Advent corporation (placeholder)](/source/Advent_corporation_(placeholder))
- [Placeholder name § Companies and organizations](/source/Placeholder_name#Companies_and_organizations)

## References

1. ["Konzern investiert Millionen - Die Kunst der Erneuerung"](https://www.handelsblatt.com/unternehmen/handel-konsumgueter/konzern-investiert-millionen-die-kunst-der-erneuerung/2860120.html?ticket=ST-28554227-4JezWc3CNZUev7n2UqY3-ap2) (in German). [Handelsblatt](/source/Handelsblatt). 2007-09-12. Retrieved 2019-11-24.

1. ["Oldco/Newco and the Transfer of Company Ownership"](https://www.psfinc.com/articles/oldco-newco/). *Parker, Smith & Feek – Business Insurance | Employee Benefits | Surety*. 2010-10-19. Retrieved 2022-06-18.

1. ["Rangers newco refused SPL entry after chairmen vote"](https://www.bbc.co.uk/sport/football/18703183). *BBC Sport*. 4 July 2012. [Archived](https://web.archive.org/web/20121114102205/http://www.bbc.co.uk/sport/0/football/18703183) 14 November 2012 at the Wayback Machine. 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.

1. Chaim Gartenberg (12 April 2021). ["Kyndryl is IBM's wacky new name for its dry IT spinoff"](https://www.theverge.com/tldr/2021/4/12/22380114/kyndryl-ibm-it-spinoff-name-infrastructure-branding). *The Verge*. Retrieved 11 May 2022.

1. Copco, Atlas. ["All information on Epiroc split from Atlas Copco"](https://www.atlascopcogroup.com/en/investor-relations/all-information-epiroc-split). *Atlas Copco*. Retrieved 2019-03-15.

1. ["CopperSteel HoldCo, Inc. Form S-4"](https://www.sec.gov/Archives/edgar/data/1999001/000119312523302194/d574523ds4.htm). *[United States Securities and Exchange Commission](/source/United_States_Securities_and_Exchange_Commission)*. December 22, 2023. Retrieved March 21, 2026.

1. ["Lord Nimmo Smith Commission"](http://spfl.co.uk/news/article/commission-decision-2013-02-28/mediaassets/doc/Commission%20Decision%2028%2002%202013.pdf). Scottish Professional Football League. 28 February 2013. [Archived](https://web.archive.org/web/20141219023336/http://spfl.co.uk/news/article/commission-decision-2013-02-28/mediaassets/doc/Commission%20Decision%2028%2002%202013.pdf) 19 December 2014 at the Wayback Machine. 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.

1. Indvik, Lauren (4 October 2012), ["Microsoft and B&N Name Joint Venture: Nook Media"](http://mashable.com/2012/10/04/nook-media/), [Mashable](/source/Mashable), retrieved 8 November 2014

1. ["T-Mobile and MetroPCS Combination Complete - Wireless Revolution Just Beginning"](http://newsroom.t-mobile.com/news/t-mobile-and-metropcs-combination-complete--wireless-revolution-just-beginning.htm). 1 May 2013. [Archived](https://web.archive.org/web/20141006072708/http://newsroom.t-mobile.com/news/t-mobile-and-metropcs-combination-complete--wireless-revolution-just-beginning.htm) 2014-10-06 at the Wayback Machine. Retrieved 2014-09-30.

1. ["Fortive Announces Strategic Plans for Separation Into Two Independent Public Companies"](https://investors.fortive.com/news-events/press-releases/detail/242/fortive-announces-strategic-plans-for-separation-into-two-independent-public-companies). *Fortive Investor Relations*. Fortive Corporation. 4 September 2024. Retrieved 27 December 2024.

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Adapted from the Wikipedia article [NewCo](https://en.wikipedia.org/wiki/NewCo) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/NewCo?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.