The Volkswagen Group has entered into an exclusive arrangement with private investment group Bain Capital for the sale of its majority stake in Everllence – 51% of the shares are to be transferred to Bain Capital.
With this transaction, Volkswagen wants to significantly strengthen the company’s financial position as its transformation moves forward. In the medium term, VW intends to remain a major shareholder in Everllence with a 49% stake. The transaction is subject to the completion of the information and consultation process in France and other customary conditions, including obtaining the required regulatory approvals.
The transaction will generate about €7.4bn for VW. Everllence, the former MAN Energy Solutions company, ranks among the world’s leading manufacturers of large engines, turbomachinery and decarbonisation solutions, hopes to continue its growth in the dynamic markets of global shipping, data centres and the energy sector thanks to the new ownership structure.
Uwe Lauber, CEO Everllence, said: “The transaction lays the groundwork for the sustainable continuation and further acceleration of our successful growth trajectory. Bain Capital’s financial strength, strategic expertise and global network are expected to strengthen our position to drive innovation, scale up cutting-edge technology and tap into new markets. At the same time, we are committed to remaining a reliable partner for our customers – with the clear ambition of making key industries worldwide more efficient, successful and climate-friendly.”
Oliver Blume, CEO VW Group, added: “Over the past few years, Everllence has developed into a success story that we can be proud of. We realigned and strengthened the company following the acquisition in 2018. Today, Everllence is one of the world’s leading manufacturers of large engines, turbomachinery and decarbonisation solutions. Now is the right time to explore the next step – to sell the majority stake to a new, strong partner. We want to create added value for everyone with this step: leaner structures and processes will give Everllence the opportunity to achieve further growth in attractive markets such as data centres, the energy sector and shipping. At the same time, it will allow us to focus even more strongly on our core business.”
Arno Antlitz, CFO and COO, VW Group, said: “We are systematically driving forward the transformation of the Volkswagen Group and creating competitive structures. This also includes the active management of our numerous companies and shareholdings. Following the conclusion of the envisaged transaction, Everllence will gain a strong partner in Bain Capital. Together we will continue to consistently align Everllence specifically to market requirements – thereby harnessing growth opportunities. In parallel with this, the Volkswagen Group will reduce the complexity of its structures, streamline its management, strengthen its financial position and increase its financial flexibility. Our shareholders can also benefit from this transaction in many ways: on the one hand, through the Volkswagen Group’s strengthened financial position; on the other, through a share in Everllence’s future value and growth potential.”
With around 16,000 employees and revenue of €4.9bn, Everllence has undergone a fundamental transformation in recent years and is ready for the next stage of growth. Since its acquisition by the VW Group eight years ago, it has been strategically realigned, operationally streamlined and repositioned in June 2025 under the Everllence brand.
Everllence has grown steadily and, thanks to high demand, has repeatedly reported record order intake figures. The markets in which Everllence operates continue to grow: the energy transition, global infrastructure expansion and rising electricity consumption driven by digitalisation and data centres are helping to fuel demand.
As part of the transaction, safeguards for the company’s German sites have been agreed: the sites in Augsburg, Oberhausen, Berlin, Hamburg and Ravensburg will be retained under the new ownership structure at least until the end of 2030.
Image: Everllence headquarters (source: Everllence)
