SKF announces the future name of the Automotive business: SKF Vertevo

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20260227/1772164695113337.png" title="1772164695113337.png" alt="3.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">SKF Vertevo will be the name of SKF’s Automotive business as a stand-alone company. This announcement marks a significant milestone in SKF’s process to create two strong, focused and independent businesses that can accelerate profitable growth and secure long-term value creation for customers, shareholders and other stakeholders. “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. 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 startto be used inconjunction with a potential listing.</span></p>