A NewCo or Newco is a term used to describe a

corporate spin-off A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct ...

startup A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to ...

, 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. In a handful of cases the new company may retain the name "Newco". 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 Creation or The Creation or Creations, may refer to: Arts and entertainment Film * ''Creation'' (1922 film), a British silent drama * ''Creation'' (unfinished film), 1931 * ''Creation'' (2009 film), about Charles Darwin Literature * ''Creation ...

of a NewCo to continue the existence of

Rangers F.C. Rangers Football Club is a professional football club in Glasgow, Scotland. The team competes in the Scottish Premiership, the top division of Scottish football. The club is often referred to as Glasgow Rangers, though this has never been i ...

was a notable example.

Examples

IBM International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

GTS - Managed Infrastructure Services →

Kyndryl Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, bu ...

* 3M’s data storage business (spun off in 1996) →

Imation GlassBridge Enterprises, Inc., formerly Imation Corporation, is an American holding company. Through its subsidiary, Glassbridge focuses primarily on investment and asset management. The company was founded in 1996 under its original name o ...

Abbott Laboratories Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, in the United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate k ...

pharmaceutical division →

AbbVie AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. It is ranked sixth on the list of largest biomedical companies by revenue. In 2023, the company's seat in Forbes Global 2000 was 74, and rank 89 on the ...

Atlas Copco Atlas Copco (''Copco'' from Compagnie Pneumatique Commerciale) is a Swedish multinational industrial company that was founded in 1873. It manufactures industrial tools and equipment. The Atlas Copco Group is an industrial corpration with headq ...

Mining and Rock Excavation Technique business area →

Epiroc Epiroc AB is a Swedish manufacturer of mining and infrastructure equipment. It is headquartered in Stockholm, Sweden and has its manufacturing facilities in Sweden, the United States, Canada, Australia, China, India, Japan, and Germany. History E ...

AT&T AT&T Inc., an abbreviation for its predecessor's former name, the American Telephone and Telegraph Company, is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the w ...

computer hardware subsidiary → NCR *

Bayer Bayer AG (English: , commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer' ...

chemicals operations →

Lanxess Lanxess AG is a German specialty chemicals company based in Cologne, Germany. It was founded in 2004 after Bayer AG spun off its chemicals division and parts of its polymers business. History The company's roots trace back to 1863, with the fou ...

* BP petrochemicals group → Innovene *

Ford Motor Company Ford Motor Company (commonly known as Ford) is an American multinational corporation, multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. T ...

vehicle components division →

Visteon Visteon Corporation (VC) is an American global automotive electronics supplier based in Van Buren Township, Michigan. Visteon designs, engineers, and manufactures vehicle cockpit electronics products, connected car services and electrification p ...

Hewlett-Packard The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company. It was founded by Bill Hewlett and David Packard in 1939 in a one-car garage in Palo Alto, California ...

instrumentation division →

Agilent Technologies Agilent Technologies, Inc. is an American global company headquartered in Santa Clara, California, that provides instruments, software, services, and consumables for laboratories. Agilent was established in 1999 as a spin-off from Hewlett-Packar ...

Karstadt Karstadt Warenhaus GmbH was a German department store chain whose headquarters were in Essen. Until 30 September 2010 the company was a subsidiary of Arcandor, Arcandor AG (which was known until 30 June 2007 as KarstadtQuelle AG) and was respo ...

merging with Quelle →

Arcandor Arcandor AG was a holding company located in Essen, Germany, that oversaw a number of companies operating in the businesses of mail order and internet shopping, department stores and tourism services. It was formed in 1999 by the merger of Karstad ...

Northwest Airlines Northwest Airlines (often abbreviated as NWA) was a major airline in the United States that operated from 1926 until it Delta Air Lines–Northwest Airlines merger, merged with Delta Air Lines in 2010. The merger made Delta the largest airline ...

regional operations → Compass Airlines * Merged entity of

NBC Universal NBCUniversal Media, LLC (abbreviated as NBCU and doing business as NBCUniversal or Comcast NBCUniversal since 2013) is an American multinational mass media and entertainment conglomerate that is a subsidiary of Comcast and headquartered at 30 ...

and Comcast programming assets →

NBCUniversal NBCUniversal Media, LLC (abbreviated as NBCU and Trade name, doing business as NBCUniversal or Comcast NBCUniversal since 2013) is an American Multinational corporation, multinational mass media and Show business, entertainment conglomerate (comp ...

RAG AG RAG AG, formerly Ruhrkohle AG, is the largest German coal mining corporation. The company headquarters are in Essen in the Ruhr area. The company was founded on 27 November 1968, consolidating several coal mining corporations into the Ruhrkohl ...

(

Degussa {{Infobox company , name = Evonik Industries AG , logo = Logo Evonik 2020.svg , image = RellingHaus II, Essen.jpg , image_caption = Evonik's headquarters in Essen, Germany , type = Aktiengesellschaft , traded_as = {{Frankfurt Stock Exchange, ...

, Steag, Immobilien) →

Evonik Industries {{Infobox company , name = Evonik Industries AG , logo = Logo Evonik 2020.svg , image = RellingHaus II, Essen.jpg , image_caption = Evonik's headquarters in Essen, Germany , type = Aktiengesellschaft , traded_as = {{Frankfurt Stock Exchange, ...

* The Rangers Football Club plc (liquidated in 2012) → Sevco Scotland Ltd (later renamed The Rangers Football Club Ltd) *

Siemens Siemens AG ( ) is a German multinational technology conglomerate. It is focused on industrial automation, building automation, rail transport and health technology. Siemens is the largest engineering company in Europe, and holds the positi ...

semiconductor subsidiary →

Infineon Infineon Semiconductor solutions is the largest microcontroller manufacturer in the world, as well as Germany's largest semiconductor manufacturer. It is also the leading automotive semiconductor manufacturer globally. Infineon had roughly 58,0 ...

Barnes & Noble Nook The Barnes & Noble Nook (styled nook or NOOK) is a brand of e-readers developed by United States, American book retailer Barnes & Noble, based on the Android (operating system), Android platform. The original device was announced in the U.S. i ...

's subsidiary → Nook Media *

DaimlerChrysler Mercedes-Benz Group AG (formerly Daimler-Benz, DaimlerChrysler, and Daimler) is a German multinational automotive company headquartered in Stuttgart, Baden-Württemberg, Germany. It is one of the world's leading car manufacturers. Daimler-B ...

MTU Friedrichshafen MTU Friedrichshafen GmbH, trading as MTU Solutions (stylised as mtu Solutions) is a German manufacturer of commercial internal combustion engines founded by Wilhelm Maybach and his son Karl Maybach in 1909. Wilhelm Maybach was the technical d ...

division →

Tognum Rolls-Royce Power Systems AG (formerly Tognum AG) is a German company owned by Rolls-Royce Holdings with holdings in engine manufacturing brands and facilities. The company previously traded, from 2006 to 2014, as Tognum AG. Prior to 2006, the ...

(later acquired by

Rolls-Royce plc Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for ...

and now the

Rolls-Royce Power Systems Rolls-Royce Power Systems AG (formerly Tognum AG) is a German company owned by Rolls-Royce Holdings with holdings in engine manufacturing brands and facilities. The company previously traded, from 2006 to 2014, as Tognum AG. Prior to 2006, the ...

subsidiary) * Merged entity of

T-Mobile USA T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its majority shareholder and namesake is the German telecommunications company Deutsche Telekom. T-Mobile is the second largest wireless carrier ...

and

MetroPCS Metro by T-Mobile, formerly known as MetroPCS, and simply known as Metro, is an American prepaid mobile phone, prepaid Wireless, wireless service provider and brand owned by T-Mobile US. It previously operated the fifth largest mobile telecommun ...

→ corporate name of

T-Mobile US T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its majority shareholder and namesake is the German telecommunications company Deutsche Telekom. T-Mobile is the second largest wireless carrie ...

; kept both T-Mobile and MetroPCS (later modified to

Metro by T-Mobile Metro by T-Mobile, formerly known as MetroPCS, and simply known as Metro, is an American prepaid wireless service provider and brand owned by T-Mobile US. It previously operated the fifth largest mobile telecommunications network in the United ...

) brands *

Fortive Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufactur ...

precision technology companies → TBD

References

Business terms {{business-stub

Examples

See also

References