SKF USA has agreed a sponsorship deal across Team Penske's teams in the Nascar Sprint Cup, Nascar Nationwide Series and Indycar series.

The deal was announced on Tuesday and on Wednesday Penske confirmed that Juan Pablo Montoya, who drives for its Indycar team, will compete in two Nascar Sprint Cup races this year in cars sponsored by the bearings and seals maker. Montoya spent eight years in the Sprint Cup, before returning to single-seaters with Penske this season.

The Colombian will race at the Sprint Cup events at Michigan in June and July's Brickyard 400 at the Indianapolis Motor Speedway, joining Penske's regular Sprint Cup drivers Brad Keselowski and Joey Logano.

“Juan is a proven winner in multiple racing disciplines and he is one of the most versatile racecar drivers competing today,” said Roger Penske.

“Michigan and Indianapolis are two important races for Team Penske. We know Juan has the ability to race for wins in both of those events while still focusing on his full-time programme in the Verizon Indycar Series.”

SKF will also sponsor Penske's Ryan Blaney for two other Sprint Cup races this year, at Kansas and Talladega, and act as a co-sponsor of Blaney’s car at two Nationwide Series events. It will also be an associate sponsor of Helio Castroneves' Team Penske Indycar entry for the rest of the season.

SKF has been a Penske partner since 2011, but this new deal represents is its largest activity with the organisation to date.