Blackstone, EQT and CVC make offers for Volkswagen

• Reuters

• Published On Feb 18, 2026 at 03:25 PM IST

The deadline for first-round bids in the sales process ‌for Everllence ended late on February 12.

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Volkswagen has attracted bids from top private equity funds including Blackstone, EQT and CVC for its diesel engine division Everllence, the Financial Times reported on ‌Wednesday, citing people ⁠familiar ⁠with the matter.

Everllence, which produces shipping engines and heat pumps, is being valued at between 5 billion euros ($5.92 billion) and 6 billion euros by prospective buyers, the report added.

A Volkswagen spokesperson said the company was reviewing strategic options ⁠for the ‌business but declined to comment further. A move to divest Everllence, the rebranded ⁠former MAN Energy Solutions, could allow the German carmaker to focus more on its core automotive business as it navigates steep tariffs, stiff competition from China and a costly pivot to electric vehicles. The deadline for first-round bids in the sales process ‌for Everllence ended late on February 12, according to sources familiar with the matter.

One source said Japanese ⁠machinery manufacturer Yanmar was also planning to make an offer.

Volkswagen parent Porsche SE, which was also reported to be considering a bid, declined to comment on the matter on Wednesday.