ports

Volkswagen Divests Majority Stake in Everllence to Bain Capital

Volkswagen has sold a controlling interest in Everllence to Bain Capital. The transaction marks Volkswagen's exit from majority ownership, with Bain Capital becoming the primary stakeholder. The move reflects ongoing consolidation in the transport and logistics sector, where financial investors have increasingly targeted specialized service providers. Bain Capital's acquisition expands its portfolio in freight and supply chain management. Terms of the deal were not disclosed. The transaction allows Volkswagen to exit the logistics technology sector and focus resources on core business operations. Everllence operates under new ownership as private equity participation in logistics infrastructure increases.