en.Wedoany.com Reported - Volkswagen Group has reached an exclusive agreement with Bain Capital to sell its 51% majority stake in global large engine manufacturer Everllence for approximately €7.4 billion. Volkswagen plans to retain a 49% stake in Everllence in the medium term, continuing as its main shareholder.
The transaction is subject to information and consultation procedures in France as well as other customary conditions, including obtaining required regulatory approvals. Through this proposed leveraged buyout, Volkswagen Group aims to strengthen its financial position during the transformation process, while Everllence is expected to benefit from the new ownership structure to sustain growth in dynamic markets such as global shipping, data centers, and the energy industry.
Everllence CEO Uwe Lauber stated that the transaction lays the foundation for the sustainable continuation and further acceleration of the company's successful growth trajectory, adding that Bain Capital's financial strength, strategic expertise, and global network are expected to enhance its position to drive innovation, scale cutting-edge technologies, and explore new markets.
Volkswagen Group CEO Oliver Blume noted that Everllence has developed into one of the world's leading manufacturers of large engines, turbomachinery, and decarbonization solutions since its acquisition in 2018. Selling the majority stake to a new partner will create added value for all parties, enabling Everllence to achieve further growth in markets such as data centers, the energy industry, and shipping, while allowing Volkswagen to focus more on its core business.
Volkswagen Group CFO and COO Arno Antlitz stated that the Group is systematically driving its transformation and building a competitive structure. Upon completion of the proposed transaction, Everllence will gain Bain Capital as a partner, while Volkswagen Group will reduce structural complexity, streamline management, and strengthen its financial position.
With approximately 16,000 employees and revenue of €4.9 billion, Everllence is one of the world's leading manufacturers of large engines and turbomachinery. Since its acquisition by Volkswagen eight years ago, the company has undergone strategic adjustments and operational streamlining, and was repositioned in June 2025 under the name Everllence (formerly MAN Energy Solutions). Over the past six years, driven by the energy transition, global infrastructure expansion, and rising electricity consumption from digitalization and data centers, the company has repeatedly achieved record order volumes. As of May 31, 2026, the book value of Everllence SE on Volkswagen Group's balance sheet was approximately €3.4 billion.
As part of the transaction, safeguard arrangements have been reached for the company's German sites: the sites in Augsburg, Oberhausen, Berlin, Hamburg, and Ravensburg will be retained under the new ownership structure at least until the end of 2030, with compulsory redundancies excluded during this period.
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