Everlence acquisition by Volkswagen and Bain cleared in EU

Bain Capital has acquired a majority stake in Everllence, a global leader in the development and manufacturing of marine and power engines and turbomachinery, from Volkswagen AG. The transaction, announced on June 25, 2026, involves Bain Capital acquiring 51% of the company, while Volkswagen will retain a 49% stake, maintaining its role as a long-term partner. The deal is structured as a leveraged buy-out and is expected to generate approximately €7.4 billion in proceeds for Volkswagen.

Everllence, with approximately €5 billion in annual revenue and 16,000 employees globally, operates in key markets including marine, naval defense, power generation, and industrial processing. The company maintains a strong global presence, with over 140 service locations worldwide. The transaction is subject to regulatory approvals and customary closing conditions, with the aim of completing the process by the end of 2026.

Under the new ownership structure, Bain Capital will collaborate with Everllence’s management team and Volkswagen to drive growth in several strategic areas, including expanding the company’s service offerings, investing in naval defense, and supporting alternative fuel platforms for decarbonization in the shipping industry. The company also aims to capitalize on growing demand for behind-the-meter power generation in data centers and industrial infrastructure.

Volkswagen emphasized that the transaction is part of its broader strategy to streamline its investment portfolio and strengthen its financial position as it continues its transformation. The company also highlighted that the transaction will allow it to focus more on its core automotive business while retaining a significant stake in Everllence.

Everllence has committed to maintaining its operations in Germany, with key sites in Augsburg, Oberhausen, Berlin, Hamburg, and Ravensburg secured at least until the end of 2030. The company also confirmed that no plans for compulsory redundancies during this period. Additionally, Everllence stated that it will continue to operate in Denmark without changes to its global structure.

The transaction underscores the growing interest in industrial and energy transition-focused investments, particularly in sectors aligned with global decarbonization goals and infrastructure expansion. With its extensive global network and expertise in industrial power solutions, Everllence is well-positioned to benefit from these trends under the new ownership structure.