Volkswagen sells Everllence majority stake

Under the proposed transaction, Bain Capital will acquire 51% of Everllence, formerly MAN Energy Solutions, while Volkswagen intends to retain a 49% stake. The deal remains subject to regulatory approvals and the completion of consultation processes in France and other jurisdictions.

The sale forms part of Volkswagen’s efforts to simplify its corporate structure and strengthen its financial position as it continues a wide-ranging transformation of its automotive business.

“Over the past few years, Everllence has developed into a success story that we can be proud of,” said Oliver Blume, chief executive of Volkswagen Group. “Now is the right time to explore the next step – to sell the majority stake to a new, strong partner.”

Blume said the transaction would allow Everllence to pursue further growth opportunities in sectors including shipping, energy infrastructure and data centres, while enabling Volkswagen to focus more closely on its core automotive activities.

Everllence employs around 16,000 people and generated revenue of €4.9 billion. Since being acquired by Volkswagen in 2018, it has undergone a strategic restructuring and was rebranded as Everllence in June 2025.

Uwe Lauber, chief executive of Everllence, said Bain Capital’s backing would help drive the company’s next phase of development. “The transaction lays the groundwork for the sustainable continuation and further acceleration of our successful growth trajectory,” he said.

As part of the agreement, Volkswagen and Bain Capital have committed to maintaining Everllence’s German sites in Augsburg, Oberhausen, Berlin, Hamburg and Ravensburg until at least the end of 2030, with compulsory redundancies excluded during that period.