Industry: EU gives green light to VW's billion-dollar deal

The EU Commission approves the Volkswagen Group to divest a majority of its large engine subsidiary Everllence. The sale of 51 percent of the shares in the company to US financial investor Bain Capital does not raise any competition concerns, the Brussels authority announced. At the end of June, VW had announced that it had reached an agreement with Bain Capital.

In the case of large takeovers, the EU Commission examines whether they could lead to disproportionately large restrictions on free competition. The transaction brings Volkswagen a revenue of €7.4 billion. With the sale, the Wolfsburg-based company is continuing its course of focusing more strongly on its core business. VW: No redundancies until 2030 excluded The five German locations of Everllence, formerly known under the company name MAN Energy Solutions, are to be maintained under the new owner structure at least until 2030, as VW had announced.

Redundancies due to operational reasons are excluded during this period. The company, based in Augsburg, which was only renamed Everllence in 2025, claims to be one of the world's leading manufacturers of large engines, turbomachinery and decarbonization solutions, with around 16,000 employees and sales of around €4.9 billion.