Volkswagen is in the final stages of selling a majority stake in its engine maker Everllence, formerly known as MAN Energy Solutions. Final bids from private equity firms CVC, Bain Capital, and EQT (which has partnered with Volkswagen shareholders Porsche SE and Qatar) are expected on Tuesday, June 2, 2026. A buyer is anticipated to be chosen within the next few weeks.
Everllence is a market leader in large marine engines and has identified generators for AI data centers as a significant growth area. The company is currently valued at €8-9 billion. The voice of employee representatives on Volkswagen's supervisory board is expected to be a crucial factor in the decision.
Porsche SE and Qatar's representatives on the VW Supervisory Board are expected to abstain from the final vote. While Volkswagen, Porsche SE, CVC, and Bain have all declined to comment, EQT and representatives from Qatar could not be immediately reached for comment.
Preliminary bids for Everllence earlier in the process were around €8 billion ($9.4 billion). Volkswagen reportedly plans to retain a 30-40% stake in the business to ensure the right partner secures growth. The sale of Everllence is part of Volkswagen's strategy to streamline its portfolio and refocus on its core automotive operations amidst the costly transition to electric vehicles.
The final decision on a successful bidder is expected well before Volkswagen's factory holiday on July 20, 2026, reflecting the company's intent to complete the transaction quickly.
