Volkswagen will sell a controlling stake in the engine manufacturer for 7.4 billion euros
The Volkswagen Group has agreed to sell a 51% stake in its subsidiary Everllence, which manufactures large diesel engines and power generation equipment. The buyer is the American investment firm Bain Capital, and the total value of the deal will be approximately 7.4 billion euros.
For the German auto giant, this sale was a way to urgently raise funds amid a deep crisis and significant cutbacks in its core automotive business. Under the terms of the deal, the German conglomerate will remain a major co-owner of the company in the coming years and retain a 49% stake.
Everllence, which was known as MAN Energy Solutions until June 2025, manufactures heavy-duty engines for marine vessels and large generators. The German conglomerate’s management noted that the change in ownership will allow the division to expand more quickly into new, promising markets, particularly by supplying power equipment for artificial intelligence data centers.
All of the company’s plants in Germany are guaranteed to continue operating at least until the end of 2030 under new management, and forced layoffs of employees are completely prohibited during this period. The plan is to officially close the deal and complete regulatory reviews by the end of this year. The group’s CEO, Oliver Blume, emphasized that this move will help the company significantly strengthen its financial position, as the automotive giant is currently actively reviewing its asset portfolio to reduce debt and emerge from its difficult financial situation. Several major global investment funds competed for the right to acquire the company, but the American company managed to outbid its competitors even though one of the funds had joined forces with the automaker’s major shareholders—the Porsche family and the Qatar Investment Authority—to submit a joint bid.
This was reported by the Reuters news agency.
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