Bain Capital to acquire majority stake in Everllence from Volkswagen

Volkswagen is divesting its majority stake in Everllence, a machine and plant engineering company with over 16,000 employees. The financial investor Bain Capital has been selected as the new owner following a competitive process involving approximately 20 interested parties.

Everllence, formerly known as MAN Energy Solutions and MAN Diesel & Turbo, has seen its revenue double over the last six years. CEO Uwe Lauber stated that the sale was a strategic decision by Volkswagen, which faces financial and mobility-related challenges. Lauber noted that the transition was coordinated with management and the works council to ensure continued investment capabilities and growth for the company and its Oberhausen location.