Volkswagen Group to Sell Everllence
Under the exclusive arrangement entered into with Bain Capital, the Volkswagen Group is to sell 51 percent of its shares in Everllence, and plans to remain a major shareholder with a 49 percent stake in the medium term
Everllence is up for sale. The data leaked in recent days regarding the Volkswagen crisis—with speculation pointing to 100,000 layoffs and the closure of four plants in Germany—suggests that this divestment is a necessary move to inject liquidity.
Bain Capital in Pole Position
The Volkswagen Group has entered into an exclusive arrangement with Bain Capital for the sale of its majority stake in Everllence – 51 percent 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, Volkswagen intends to remain a major shareholder in Everllence with a 49 percent stake.
The envisaged leveraged buy-out transaction generates proceeds1 of approximately 7.4 billion euros for Volkswagen.
Uwe Lauber, CEO of 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 of the Volkswagen Group: “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 decarbonization 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 centers, the energy sector and shipping. At the same time, it will allow us to focus even more strongly on our core business.”
From MAN Energy Solutions to Everllence
With around 16,000 employees and revenue of 4.9 billion euros, Everllence ranks among the world’s leading manufacturers of large engines, turbomachinery and decarbonization solutions. The company has undergone a fundamental transformation in recent years and is ready for the next stage of growth. Since its acquisition by the Volkswagen Group eight years ago, the provider of propulsion, decarbonization and efficiency solutions for the maritime, energy and industrial sectors has been strategically realigned, operationally streamlined and repositioned in June 2025 under the name Everllence (previously MAN Energy Solutions).
Over the past six years, 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 digitalization and data centers are fueling demand. As at May 31, 2026, the book value of Everllence SE in the balance sheet of Volkswagen AG amounted to approx. 3.4 billion euros.
1) Proceeds are derived from the 51 % share and expected debt following completion of the leveraged buy-out transaction.
