SKF to Distribute Shares in Subsidiary SKF Vertevo to Shareholders
AB SKF's Extraordinary General Meeting resolved to distribute all shares in its wholly owned subsidiary SKF Vertevo AB to SKF's shareholders. The distribution precedes a planned stock market listing.
Gothenburg, Sweden – Aktiebolaget SKF held an Extraordinary General Meeting on October 1, 2026, where it was resolved to distribute all shares in its wholly owned subsidiary SKF Vertevo AB to SKF's shareholders. The distribution ratio is set at five (5) SKF class A shares entitling the holder to one (1) SKF Vertevo class A share, and five (5) SKF class B shares for one (1) SKF Vertevo class B share.
The decision is part of SKF's plan to list SKF Vertevo on Nasdaq Stockholm on December 1, 2026. The listing aims to provide SKF Vertevo with an independent platform and the opportunity to accelerate its growth on its own terms. SKF Vertevo focuses on solutions to enhance industrial automation and robotics.
This spin-off of the subsidiary is a strategic move allowing both companies to focus on their respective core businesses. SKF will continue its operations in bearings, seals, and lubrication systems globally, while SKF Vertevo can dedicate itself fully to the innovation and marketing of automation solutions.
Through the resolution passed at the general meeting, SKF shareholders will gain a direct ownership stake in SKF Vertevo, potentially creating new investment opportunities. Specific details regarding the listing will be announced closer to the December debut.