NewCo

Last updated

A NewCo or Newco is a term used to describe a corporate spin-off, startup, 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]

Contents

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 of a NewCo to continue the existence of Rangers F.C. was a notable example. [3]

Examples

See also

Related Research Articles

<span class="mw-page-title-main">T-Mobile (brand)</span> Brand of telecommunications service by Deutsche Telekom

T-Mobile is the brand name used by some of the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom AG in the Czech Republic, Poland and the United States.

<span class="mw-page-title-main">Deutsche Telekom</span> German telecommunications company

Deutsche Telekom AG is a partially state-owned German telecommunications company headquartered in Bonn and the largest telecommunications provider in Europe by revenue. It was formed in 1995 when Deutsche Bundespost, a state monopoly at the time, was privatized. Since then, Deutsche Telekom has consistently featured among FortuneMagazine's top Global 500 companies by revenue, with its ranking as of 2023 at number 79. In 2023, the company was ranked 41st in the Forbes Global 2000. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile. It is the world's fifth-largest telecommunications company and biggest in Europe by revenue.

<span class="mw-page-title-main">Halifax (bank)</span> British bank

Halifax is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group.

O2 (typeset as O2) is a global brand name owned by the Spanish telecommunications company Telefónica. The company uses the O2 brand for its subsidiaries in the United Kingdom and Germany. Since 2018, it is also used as an online-only flanker brand in Spain.

<span class="mw-page-title-main">Atlas Copco</span> Swedish multinational industrial company

Atlas Copco is a Swedish multinational industrial company that was founded in 1873. It manufactures industrial tools and equipment.

Western Wireless Corporation was a cellular network operator that provided mobile telecommunications service to subscribers in 19 western states in the United States, and seven other countries. Western Wireless marketed analog cellular service under the CELLULAR ONE brand in 88 FCC-defined rural service areas and digital PCS service under the VoiceStream brand in 19 FCC-defined metropolitan service areas. At its peak in 2004, Western Wireless provided service to 1.4 million domestic subscribers. Western Wireless obtained additional revenue from the international operations of its Western Wireless International Corporation subsidiary, which was licensed to provide wireless communications services in seven countries to a total of 1.8 million subscribers.

GEC Plessey Telecommunications (GPT) was a British manufacturer of telecommunications equipment, notably the System X telephone exchange. The company was founded in 1988 as a joint venture between GEC and the British electronics, defence and telecommunications company Plessey. The next year, after a joint holding company of GEC and the German conglomerate Siemens acquired Plessey, GPT was converted into a 60/40 GEC/Siemens joint venture. The GPT name ceased to be used in the mid-1990s, and in 1998 the company was amalgamated into Siemens Communications.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

<span class="mw-page-title-main">Sprint Corporation</span> Former American telecommunications company

Sprint Corporation was an American telecommunications company. Before being acquired by T-Mobile US on April 1, 2020, it was the fourth-largest mobile network operator in the United States, serving 54.3 million customers as of June 30, 2019. The company also offered wireless voice, messaging, and broadband services through its various subsidiaries under the Boost Mobile and Open Mobile brands and wholesale access to its wireless networks to mobile virtual network operators.

<span class="mw-page-title-main">Metro by T-Mobile</span> American telecommunications company

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 States using code-division multiple access (CDMA). In 2013, the carrier engaged in a reverse merger with T-Mobile US; post-merger, its services were merged under T-Mobile's UMTS and LTE network. Metro by T-Mobile competes primarily against AT&T's Cricket Wireless, EchoStar's Boost Mobile and Verizon's Visible as part of the wireless service provider brands. Metro by T-Mobile has twenty million subscribers as of 2021.

<span class="mw-page-title-main">Vickers plc</span> Former British manufacturing company

Vickers plc was the remainder of Vickers-Armstrongs after the nationalisation of three of its four operating groups: aviation, shipbuilding and steel. It was purchased by Rolls-Royce plc in 1999, and the Vickers company name became defunct in 2003 as Rolls renamed the company Vinters Engineering.

Babcock International Group plc is a British aerospace, defence and nuclear engineering services company based in London, England. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.

<span class="mw-page-title-main">Rolls-Royce Motors</span> Former British car company (1973–1998)

Rolls-Royce Motors was a British luxury car manufacturer, created in 1973 during the de-merger of the Rolls-Royce automotive business from the nationalised Rolls-Royce Limited. It produced luxury cars under the Rolls-Royce and Bentley brands. Vickers acquired the company in 1980 and sold it to Volkswagen in 1998. Bentley Motors is the company's direct successor; however, BMW acquired the rights to the Rolls-Royce trademark for use on automobiles and launched a new Rolls-Royce company shortly afterwards.

Siemens Communications was the communications and information business arm of German industrial conglomerate Siemens AG, until 2006. It was the largest division of Siemens, and had two business units – Mobile Networks and Fixed Networks; and Enterprise.

<span class="mw-page-title-main">Alvis plc</span> British company

Alvis PLC was created when United Scientific Holdings plc acquired the Alvis division of the nationalised vehicle manufacturer British Leyland in 1981. United Scientific maintained its own name until 1992 when the group was renamed Alvis plc. Alvis acquired the armoured vehicle business of the Swedish engineering company Hägglund & Söner in 1997 and the armoured vehicle business of GKN in 1998.

<span class="mw-page-title-main">SSE Renewables</span>

SSE Renewables is a renewable energy subsidiary of SSE plc, which develops and operates onshore and offshore wind farms and hydroelectric generation in the United Kingdom and Ireland.

NCBA Bank Kenya, whose full name is NCBA Bank Kenya Plc, is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the country's central bank and national banking regulator.

Rangers is a professional football club in Scotland founded in 1872. The club entered financial difficulties during the late 2000s, and the club entered administration in February 2012. It owed substantial amounts to HM Revenue and Customs (HMRC), who subsequently refused to allow Rangers to exit administration via a company voluntary arrangement (CVA). The Rangers Football Club plc entered liquidation on 31 October 2012.

Rangers is a Scottish football club based in Glasgow and founded in 1872. The club's corporate entity was created in 1899 when The Rangers Football Club Ltd was formed as a privately held company. In 2000, the then chairman and owner David Murray floated the club on the stock market which subsequently converted the private company into a public limited company (PLC).

References

  1. 1 2 3 4 Bialek, Catrin (2007-09-12). "Konzern investiert Millionen - Die Kunst der Erneuerung" (in German). Handelsblatt . Retrieved 2019-11-24.
  2. "Oldco/Newco and the Transfer of Company Ownership". Parker, Smith & Feek – Business Insurance | Employee Benefits | Surety. 2010-10-19. Retrieved 2022-06-18.
  3. "Rangers newco refused SPL entry after chairmen vote". BBC Sport. 4 July 2012. Archived from the original on 14 November 2012. 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.
  4. Chaim Gartenberg (12 Apr 2021). "Kyndryl is IBM's wacky new name for its dry IT spinoff". The Verge. Retrieved 11 May 2022.
  5. Copco, Atlas. "All information on Epiroc split from Atlas Copco". Atlas Copco. Retrieved 2019-03-15.
  6. "Lord Nimmo Smith Commission" (PDF). Scottish Professional Football League. 28 February 2013. Archived from the original (PDF) on 19 December 2014. 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.
  7. Indvik, Lauren (4 October 2012), Microsoft and B&N Name Joint Venture: Nook Media, Mashable , retrieved 8 November 2014
  8. "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.
  9. "Fortive Announces Strategic Plans for Separation Into Two Independent Public Companies". Fortive Investor Relations (Press release). Fortive Corporation. September 4, 2024. Retrieved December 27, 2024.