The Volkswagen Group has agreed to sell a 51% stake in Everllence to private equity firm Bain Capital in a deal that will see the automaker retain a 49% holding in the company.
Volkswagen said the transaction, valued at proceeds of about €7.4 billion, is intended to strengthen its financial position as it continues its transformation. The deal remains subject to regulatory approvals and employee consultation processes.
Everllence, formerly MAN Energy Solutions, provides propulsion systems, turbomachinery and decarbonisation technologies for the maritime, energy and industrial sectors. Volkswagen said the new ownership structure is expected to support the company’s expansion in global shipping, data centres and energy markets.
“The transaction lays the groundwork for the sustainable continuation and further acceleration of our successful growth trajectory,” Everllence CEO Uwe Lauber said.
Volkswagen Group CEO Oliver Blume said the sale would allow Everllence to pursue further growth with a new strategic partner while enabling Volkswagen to sharpen its focus on its core automotive business.
Everllence employs around 16,000 people and generated revenue of €4.9 billion. The company adopted the Everllence name in 2025 after rebranding from MAN Energy Solutions.
