MAN Energy Solutions

What MAN Energy Solutions does

Everllence (formerly MAN Energy Solutions) is a global industrial technology company organized into three divisions — Marine, Energy, and Industries — supplying large-bore propulsion engines, power-generation equipment, and industrial compression and decarbonization hardware. The Marine division supplies two-stroke engines (B&W ME-C, ME-GI gas-injection, ME-LGIA ammonia, ME-LGIM methanol, ME-LGIP LPG) and four-stroke engines (175D, L21/31DF-M, L27/38DF-M, 32/44CR, 35/44DF CD, 49/60DF), plus electric propulsion, GenSets, turbochargers, propellers, and the CEON digital platform and PrimeServ Assist remote monitoring. The Energy division produces dual-fuel, gas, and liquid-fuel engines, steam turbines, emergency diesel generators, compressors, large-scale heat pumps, CCUS technology, energy storage, and floating power ships, while the Industries division provides axial, integrally geared, isothermal, centrifugal, screw, and hermetically sealed compressors, expanders, subsea compression, and hydrogen compression. Customers span shipbuilders, commercial operators, navies (Indian, Colombian, Canadian Royal), utilities (including nuclear), and process-industry operators globally, served via direct enterprise sales and the PrimeServ aftermarket service network that supplies spare parts, retrofits, service agreements, and training. The company employs approximately 16,200 people, operates major manufacturing in Augsburg (HQ) and Hamburg (including an automated electrolyzer gigafactory opened in 2024), and was historically a wholly-owned subsidiary of Volkswagen Group before the June 2025 announcement of an exclusive arrangement for Bain Capital to acquire a majority stake, formalized alongside the June 2025 rebrand from MAN Energy Solutions to Everllence. Revenue model is a mix of hardware sales (engines, turbines, compressors, heat pumps), long-term service agreements and subscription-style aftermarket support through PrimeServ, and project-based consulting and retrofit revenue.

Name

MAN Energy Solutions

Legal name

Everllence

Website

https://man-es.com

Company type

Private

Founded year

1768

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Everllence (formerly MAN Energy Solutions) designs and manufactures large-bore two-stroke and four-stroke marine engines, energy-generation turbines and compressors, industrial heat pumps, and CCUS and hydrogen compression technology. It serves shipbuilders, navies, utilities, and process-industry operators globally, with ~16,200 employees and a PrimeServ aftermarket service network.

Ownership category

akta.pro rank

Product category

Marine and Industrial Engine Manufacturing

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Turbine and Turbine Generator Set Units Manufacturing (333611), Motor and Generator Manufacturing (335312), Mechanical Power Transmission Equipment Manufacturing (333613)

SIC

Engines & Turbines (3510), Motors & Generators (3621), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Propulsion, Power & Energy Systems Design (Diesel, Hybrid, Electric, Alternative Fuels) (IMAJAGAE)

akta.pro secondary industries

Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN), Engine Generator & Microgrid Power Plant EPC (Diesel/Gas Recip) (EUAEAAAJ), Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA), Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)

Keywords

• Marine engines
• Two-stroke engines
• Turbochargers
• Industrial compressors
• Marine propulsion

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Marine Engine Sales: Sale of two-stroke and four-stroke marine engines including dual-fuel, methanol-ready, ammonia-ready, and LNG-powered propulsion systems for commercial ships, naval vessels, and offshore applications
2. Energy and Industrial Equipment: Sale of gas turbines, steam turbines, compressors (axial, centrifugal, integrally geared, isothermal), expanders, and heat pumps for power generation, industrial processes, and energy applications
3. PrimeServ Aftermarket Services: Global service network providing spare parts, technical service, retrofit and upgrade solutions, digital solutions, service agreements, and laboratory services through PrimeServ brand
4. Service Agreements and Consulting: Long-term service agreements, technical consulting, and energy consulting services for marine and power customers
5. Retrofit and Upgrade Solutions: Engine retrofits and upgrades enabling existing vessels and facilities to use cleaner fuels and improve efficiency

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

MAN Energy Solutions (now rebranded as Everllence) designs, manufactures, and services large-bore two-stroke and four-stroke marine engines, turbochargers, propellers, common rail systems, steam turbines, compressors, heat pumps, and carbon capture solutions. The company also operates a global after-sales service network (PrimeServ) and the CEON digital fleet management platform for shipowners, power plant operators, and industrial customers.

Product overview

Everllence (formerly MAN Energy Solutions) is a global technology company offering an integrated portfolio of propulsion, power generation, and decarbonization solutions across three divisions: Marine, Energy, and Industries. The Marine division provides two-stroke engines (B&W ME-C, ME-GI, ME-LGIA ammonia, ME-LGIM methanol, ME-LGIP LPG), four-stroke engines (175D, L21/31DF-M, L27/38DF-M, 32/44CR, 35/44DF CD, 49/60DF), electric propulsion, marine GenSets, turbochargers, propellers (CPP, FPP, Naval), and digital products (CEON, PrimeServ Assist). The Energy division offers dual-fuel, gas, and liquid fuel engines, steam turbines, compressors, heat pumps for district heating, energy storage, CCUS, and power ships. The Industries division provides axial, integrally geared, isothermal, process gas screw, centrifugal, hermetically sealed compressors, expanders, and industrial solutions including subsea compression and hydrogen compression. The company also offers comprehensive after-sales services through its PrimeServ brand, including spare parts, retrofits, service agreements, technical consulting, and training. Everllence supports customers' decarbonization journeys with over 260 years of engineering experience and approximately 16,200 employees worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Everllence PrimeServ: After-sales brand providing worldwide service center network, spare parts, technical service, retrofit and upgrade solutions, and digital solutions for marine and power customers

Products and services

• ME-GI Dual-Fuel Two-Stroke Engine Large-bore two-stroke marine engine with gas injection (GI) dual-fuel capability, designed for LNG-fueled deep-sea vessels such as container ships, tankers, and bulk carriers. Built for shipowners and shipyards requiring compliant, high-efficiency propulsion.
• ME-LGIA Dual-Fuel Two-Stroke Engine Liquid Gas Injection Advanced (LGIA) two-stroke engine capable of running on LNG, ethane, LPG, and methanol. Targeted at operators seeking multi-fuel flexibility for newbuild deep-sea vessels.
• ME-LGIM Methanol Two-Stroke Engine Liquid Gas Injection Methanol (LGIM) two-stroke engine purpose-built for methanol fuel, supporting shipowners transitioning to low-emission propulsion on container ships, tankers, and bulk carriers.
• 175D Four-Stroke Engine 175 mm-bore four-stroke marine engine for use in auxiliary power, smaller commercial vessels, and naval applications.
• L21/31DF-M Dual-Fuel Engine Dual-fuel four-stroke engine (21/31 series) designed for marine gensets and small commercial vessels running on diesel and gas.
• L27/38DF-M Dual-Fuel Engine Dual-fuel four-stroke engine in the 27/38 series for marine and power-generation applications.
• 32/44CR Four-Stroke Engine Common-Rail (CR) four-stroke engine in the 32/44 series for marine propulsion and stationary power generation.
• 35/44DF CD Four-Stroke Engine Compact Design (CD) dual-fuel four-stroke engine in the 35/44 series, aimed at marine gensets and offshore platforms.
• 49/60DF Four-Stroke Engine High-output dual-fuel four-stroke engine in the 49/60 series, used for prime power in large vessels and onshore power plants.
• TCR Turbocharger Range Axial and radial turbochargers for two-stroke and four-stroke engines, used by shipowners, power-plant operators, and locomotive manufacturers to increase engine efficiency.
• Propeller Portfolio (VBS/HE/SDC) Fixed-pitch and controllable-pitch propellers, including VBS (vane boss system), HE (high-efficiency), and SDC (silence-designed) designs, for shipyards outfitting commercial and naval vessels.
• CEAS Engine Automation System Engine automation and control system (CAMOS Engine Automation System) for remote and unmanned engine-room operation on commercial vessels.
• CEON Digital Platform Digital fleet-management and data platform providing real-time engine monitoring, predictive maintenance, and performance optimization for shipowners operating MAN-bored two-stroke engines.
• PrimeServ Service Network Global after-sales service brand offering spare parts, field service, overhauls, retrofits, and digital support (PrimeServ Assist) for installed MAN engine and turbocharger fleets worldwide.
• Steam Turbine (SST/STG) Range Steam turbines for power generation and mechanical drive applications used by utilities and industrial customers.
• Industrial Compressors Centrifugal, screw, and reciprocating compressors for oil & gas, petrochemical, and industrial gas applications.
• Heat Pumps (MAN HPS) Industrial-scale heat pumps for district heating and industrial process-heat decarbonization, targeted at utilities and energy-intensive industries.
• Carbon Capture (CCUS) Solutions Post-combustion carbon capture systems and engineering services for power and industrial plants seeking to reduce CO2 emissions.
• Power Ship Barge-Mounted Power Plants Barge-mounted turnkey power plants used to deliver floating power generation to grid-constrained regions, supplied to utilities and government customers.
• Methanol GenSet (M23/30S-M) Methanol-fueled genset announced for the marine market, enabling auxiliary power generation on methanol-fueled vessels. Launched as a commercial product offering for shipowners.
• Ammonia-Fueled Two-Stroke Engine Ammonia-fueled marine two-stroke engine undergoing engine testing and development, intended for zero-carbon deep-sea propulsion.

Quantifiable outcome

• ME-GI engine approaching 1,000 orders since 2014 debut
• +3 more outcomes

Named customers9 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature12 records

Partnerships

Four partnerships are on record, tiered core.

• European District Heating ProjectcoreStrategic or Co-development Partner · 10 June 2026Europe's largest fluvial heat pump project entered implementation phase - collaborative project for decarbonizing urban heating through large-scale heat pump technology.
• Monacum PartnerscoreStrategic or Co-development Partner · 4 June 2025Monacum Partners agreed to acquire Everllence's DWE reactor and apparatus manufacturing business in May 2026, representing a strategic divestiture of certain manufacturing operations.
• Baker Hughes (with Saipem)coreTechnology or Integration · 1 October 2024Baker Hughes' October 2024 agreement with Saipem to supply compressors for TotalEnergies' Kaminho FPSO project in Angola - industry partnership for offshore compression technology.
• GE (with BHEL)coreTechnology or Integration · 1 October 2023GE's October 2023 partnership with BHEL to manufacture centrifugal compressors in Hyderabad, India - relevant context for compressor technology manufacturing in the industry.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Baker Hughes: Industrial compressor OEM (cooperating with Saipem on TotalEnergies Kaminho FPSO in Angola) and turbomachinery major; competes with Everllence's centrifugal and integrally geared compressors in oil & gas, LNG, and petrochemical markets.
• GE Vernova (Gas Power / Industrial): Broad incumbent in heavy-duty gas turbines for power generation, industrial compressors (centrifugal, axial), and energy solutions; overlaps with Everllence's Steam Turbines and Industrial Compressor lines, especially in oil & gas, LNG, and process industries.
• Siemens Energy: Large incumbent in industrial gas and steam turbines, compressors, grids, and emerging H2/CCUS solutions; competes broadly in large turbomachinery and electrification, including subsea and hydrogen compression adjacencies.

Direct peers

• Wartsila: Direct marine propulsion competitor; manufactures two-stroke and four-stroke engines, dual-fuel and future-fuel platforms (methanol, ammonia, LNG), exhaust treatment, and a global service network that overlaps head-to-head with Everllence PrimeServ in cargo, offshore, and cruise segments.
• Solar Turbines: Gas turbine specialist serving gas compression (gas transport, storage, pipelines) and industrial power; ships a packaged-services aftermarket that parallels PrimeServ in the natural gas and process gas sectors.
• Rolls-Royce Power Systems (MTU): Direct competitor in four-stroke marine engines, naval propulsion (frigates, OPVs), and stationary power generation gas/diesel engines; ships a comparable global service network and is pursuing hydrogen-ready and methanol-fuel platforms analogous to ME-LGIM.
• Caterpillar Marine Power: Major four-stroke marine engine OEM (CAT 3500/CAT 3600 series) competing in yachts, tugs, workboats, ferries, and offshore; complementary dual-fuel retrofit offerings target the same passenger and government marine verticals.
• Mitsubishi Heavy Industries Marine Machinery: Long-standing Japanese two-stroke marine engine builder with own MHI-MAN B&W license legacy; competes directly in two-stroke newbuilds, methanol-fuel engines, and large-bore four-stroke segments serving Asian shipyards and global commercial shipping.

Emerging players

• Hitachi Energy / eks Energy (acquirer 2023): Power electronics, microgrid, and hybrid power solutions player via eks Energy acquisition; competes adjacent to Everllence in integrating future fuels, hybrid marine powertrains, and energy storage balancing power.
• Atlas Copco (Power and Industrial Compressors): Industrial compressor major with growing footprint in oil & gas, hydrogen compression, and process gas; emerging as a competing compressor supplier in the same refineries/petchem/air-separation markets as Everllence Industries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MAN Energy Solutions