Brussels, 13 August 2026
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Everllence SE by Volkswagen Aktiengesellschaft (‘Volkswagen’), both of Germany, and Bain Capital Investors, LLC (‘Bain Capital’) of the US.
The transaction relates primarily to propulsion, decarbonisation and efficiency solutions for the marine, energy and industrial sectors.
The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.12527.