What Everllence does

Everllence SE (formerly MAN Energy Solutions, rebranded in 2025) is a German industrial OEM headquartered in Augsburg that designs and manufactures large-bore two-stroke and four-stroke marine and power-generation engines, turbomachinery (industrial compressors and steam turbines), large-scale heat pumps, and CCUS technology. The company's engine portfolio spans the full alternative-fuel spectrum — methanol (ME-LGIP), methane (ME-GI Mk10.7), ammonia (ME-LGIA), LNG, ethanol, and hydrogen (35/44DF H2) — alongside a complete dual-fuel retrofit offering, with hardware the OEM designed powering roughly 90% of the global merchant fleet trade. Underneath the hardware sits the CEON digital platform, an AWS-hosted IoT backbone that collects sensor data from installed machinery and powers subscription services including PrimeServ Assist (predictive maintenance and AI-supported optimization), CEON TechBot (an AI assistant grounded in OEM documentation), and Asset+/Data+ retrofit and API products.

The commercial model is enterprise-direct OEM field sales into four primary verticals: commercial shipping (container, bulker, tanker, LNG carrier, car carrier, offshore); energy and power generation (including a fast-growing data-center power segment driven by AI demand); process industries (oil and gas, refineries, petrochemicals, air separation, pulp and paper); and naval defense (2,500+ engines across 60+ navies). Revenue is generated primarily through hardware sales (~€5B disclosed revenue, of which ~€5B from marine and power engine manufacturing), supplemented by PrimeServ aftermarket services through 140+ global service centers and a growing layer of subscription-style digital service agreements based on CEON. The company employs approximately 16,000-16,200 people across Europe (Augsburg, Hamburg, Berlin, Ravensburg, Oberhausen, Zürich, Copenhagen, Saint-Nazaire), the Americas, and Asia.

In June 2026 Bain Capital acquired a 51% majority stake from Volkswagen Group for approximately €7.4 billion ($8.4 billion), with Volkswagen retaining 49% ownership, implying an enterprise value above €8 billion versus €3.4 billion in book value; Porsche SE took a 10% co-investment as a condition of the deal. The transaction, structured as a leveraged buyout, is expected to close by end-2026 subject to regulatory approval and provides capital to accelerate aftermarket expansion, naval defense growth, alternative-fuel platforms, and data-center power generation.

Name

Everllence

Legal name

Everllence SE

Website

https://everllence.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Everllence (formerly MAN Energy Solutions) is a German industrial OEM that designs and manufactures marine two-stroke and four-stroke engines, turbomachinery, heat pumps, and CCUS technology for shipping, energy, process industries, and naval defense, supported by a global PrimeServ aftermarket and CEON digital platform.

Ownership category

akta.pro rank

Product category

Marine and Industrial Engines / Propulsion and Power Generation Equipment

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Turbine and Turbine Generator Set Units Manufacturing (333611), Pump and Compressor Manufacturing (33391), Air and Gas Compressor Manufacturing (333912), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Engines & Turbines (3510), Oil & Gas Field Machinery & Equipment (3533), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Prime Mover Components & Auxiliary Systems (Controls, Excitation, Lubrication, Cooling, Intake/Exhaust) (IMAHAFAJ)

akta.pro secondary industries

Propulsion MRO, Spares & Field Service (Overhauls, retrofits, upgrades) (IMAJAHAN), Propellers & Waterjets (IMAJAHAE), Propulsion Control, Monitoring & Automation (ECS, PMS interface) (IMAJAHAH), Marine Hybrid & Electric Propulsion Systems (IMAJAHAC)

Keywords

• Marine propulsion engines
• Industrial turbomachinery
• Decarbonization solutions
• Alternative fuel engines
• Large-scale heat pumps

Headquarters

HQ city

Augsburg

HQ country

Germany

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Marine and Power Engine Manufacturing: Design, development, and manufacture of two-stroke and four-stroke marine and power generation engines, generating approximately €5 billion in revenue. Includes propulsion systems for commercial shipping, naval defense, passenger vessels, and offshore applications.
2. PrimeServ Aftermarket Services: Global service network providing spare parts, technical service, retrofits, upgrades, repairs, turnaround solutions, and field service through over 100 PrimeServ service centers. Includes naval defence lifecycle support.
3. Digital Solutions and Service Agreements: Digital service packages including PrimeServ Connect, Assist, and Care built on the CEON platform, plus Asset+ retrofit solutions and Data+ API services. Offered as subscription-style service agreements.
4. Turbomachinery (Compressors and Steam Turbines): Design and manufacture of industrial compressors (axial, centrifugal, integrally geared, isothermal, process gas screw, hermetically sealed, vacuum blowers) and steam turbines for basic materials, oil & gas, refineries, petrochemicals, gas transport, air separation, and pulp & paper industries.
5. Heat Pumps: Large-scale industrial heat pumps for district heating, industrial processes, and decarbonization applications, including the world's largest 70 MW CO2-based heat pump.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Everllence designs, manufactures, and services large-bore two-stroke and four-stroke marine and power engines, industrial compressors and steam turbines, large-scale heat pumps, and carbon capture (CCUS) systems for commercial shipping, naval defense, energy, and process-industry customers. The company also operates the CEON cloud-based digital platform and the PrimeServ global aftermarket network providing spare parts, retrofits, dual-fuel conversions, and subscription-style digital service agreements.

Product overview

Everllence (formerly MAN Energy Solutions) is a global provider of propulsion, decarbonization, and efficiency solutions for shipping, energy, and industry. The company's product portfolio centers on the CEON digital platform as the backbone for data collection and analytics, supported by Asset+, Data+, and Assist+ digital solutions. Core marine products include two-stroke engines (B&W ME-C, ME-GI, ME-LGIA ammonia, ME-LGIM methane, ME-LGIP methanol) and four-stroke engines (175D, L21/31DF-M, L27/38DF-M, 32/44CR, 35/44DF CD, 49/60DF, methanol-ready engines). Supporting marine products include turbochargers, propellers, digital monitoring systems (Multi Fluid Monitor, Multifunction Monitoring System), and engine control (SaCoS 5000). Retrofit solutions include EcoTuning, EcoTorque, PMI Adaptive Cylinder Control, EcoCam, EcoNozzle, and dual-fuel conversions. Service offerings through PrimeServ brand cover spare parts, retrofits, digital solutions, technical service, and training. Energy products include dual-fuel, gas, and liquid fuel engines, steam turbines, compressors, and large-scale heat pumps for district heating. Industries segment provides compressors (axial, integrally geared, centrifugal, process gas screw), expanders, steam turbines, and CCUS technology. The company also offers lifecycle services for naval defense applications.

Differentiator

Problem solved

Functional benefit

Brands

• Everllence PrimeServ: After-sales service brand providing spare parts, retrofits, upgrades, technical service, digital solutions, and OEM support for marine and power engines
• Everllence CEON
• Everllence Asset+
• Everllence Data+
• PrimeServ Assist
• CEON TechBot

Products and services

• Everllence B&W Two-Stroke Marine Engines Large-bore two-stroke marine engines including ME-C fuel oil engines and dual-fuel variants for methanol (ME-LGIP), methane/LNG (ME-LGIM, ME-GI Mk10.7), and ammonia (ME-LGIA) operation, sold to shipbuilders and shipping operators for commercial propulsion.
• Four-Stroke Marine Engines (175D, L21/31DF-M, L27/38DF-M, 32/44CR, 35/44DF CD, 49/60DF) High-power four-stroke marine engines up to 4,400 kW for naval, governmental, and commercial propulsion, including dual-fuel and methanol-ready variants sold to shipbuilders and naval fleets.
• Industrial Compressors Industrial compressors including axial, integrally geared, isothermal, process gas screw, centrifugal, hermetically sealed, and vacuum blowers for oil & gas, refineries, petrochemicals, air separation, and pulp & paper industries.
• Steam Turbines Steam turbines for power generation, marine propulsion, and industrial process applications sold to utilities and process-industry operators.
• Large-Scale Industrial Heat Pumps Large-scale heat pumps for district heating, industrial processes, and decarbonization of heat supply, including CO2-based designs at multi-megawatt scale, sold to utilities, cities, and industrial operators.
• CCUS (Carbon Capture, Utilization and Storage) Technology Compressor technology and CO2 capture and compression systems for industrial CCS projects, sold to process-industry operators and energy companies for extracting carbon emissions from industrial processes (deployed in Thailand's first CCS project).
• Everllence CEON Digital Platform Cloud-based IoT backbone connecting Everllence machinery to AWS-hosted data analytics, dashboards, and OEM-backed services; sold as a subscription-style platform to shipping companies, ship operators, and industrial customers.
• PrimeServ Assist Proactive 24/7 digital service powered by CEON that combines machine data, advanced analytics, and AI with Everllence OEM expertise to optimize engine efficiency and maintenance for two-stroke, four-stroke, and future-fuel-powered equipment; Bureau Veritas SMART(MH3) certified and IACS UR E27 cyber-secure.
• CEON TechBot AI-based digital assistant integrated into the CEON platform that provides crews with troubleshooting guidance by drawing from verified OEM sources including manuals, service letters, and technical instructions.
• Everllence Data+ Data management platform offering a secure API gateway for structured asset data, enabling integration with BI tools for fleet performance monitoring, trend analysis, and operational optimization.
• PrimeServ Multi Fluid Monitor (MFM) Continuous lube oil monitoring solution for four-stroke engines providing real-time alerts for anomalies, water detection, and contamination; available for all engine types regardless of OEM and certified by Bureau Veritas and IACS UR E27 for cyber resilience.
• Multifunction Monitoring System (MMS) Modular sensor and monitoring solution for four-stroke engines with customizable safety, performance, and fluid/gas monitoring parameters, compliant with Lloyd's Register, RINA, ABS, RMRS, CCS, KR, DNV & GL classification societies.
• Engine Performance & Emissions Retrofits (EcoTuning, EcoTorque, PMI Adaptive Cylinder Control, EcoCam, EcoNozzle, EcoOptimizer) Suite of software-based and control-system retrofits for two-stroke and four-stroke engines optimizing combustion, reducing fuel consumption by approximately 1.5 g/kWh, and improving CII ratings, sold to ship operators as retrofit packages.
• Dual-Fuel Conversion Retrofits Complete dual-fuel conversion packages for methanol, LNG, LPG, ammonia, and ethanol retrofits, including upgraded turbochargers and customized gas-related plant equipment, sold to shipowners seeking alternative-fuel compliance.
• Everllence PrimeServ Aftermarket Service Network Global after-sales service brand providing spare parts, retrofits, upgrades, repairs, technical service, training, and digital solutions through 100+ PrimeServ service centers serving marine, power, and industrial customers under long-term OEM agreements.
• PrimeServ Naval Defence Lifecycle Support OEM lifecycle support for naval engines including commissioning, maintenance, retrofits, upgrades, spare parts, training, and complete propulsion systems, with defense-grade cybersecurity and confidentiality via in-country OEM entities for over 60 navies and coast guards.
• B&W ME-GI Mk10.7 Dual-Fuel Methane Engine Next-generation dual-fuel methane engine delivering high fuel efficiency, operational flexibility, and negligible methane slip while allowing switch between methane and conventional fuel oil; sold to shipbuilders for car carriers, LNG carriers, and methane-capable vessels.
• B&W ME-LGIA Ammonia Dual-Fuel Two-Stroke Engine Ammonia dual-fuel two-stroke engine for maritime propulsion achieving ammonia slip below 6 ppm and nitrous oxide below 2 ppm with efficiency higher than traditional diesel oil; sold to shipbuilders and operators for ammonia-powered shipping.
• Turbochargers Turbochargers for marine and power engines improving engine efficiency and performance, sold to shipbuilders, ship operators, and power plant operators.
• Ship Propeller Systems (CPP, FPP, Naval) Propeller systems including controllable pitch, fixed pitch, and naval variants for various vessel types, sold to shipbuilders alongside main engines.
• Common Rail 2.2 Injection System Injection system for marine engines providing precise fuel delivery for improved combustion efficiency, sold to engine operators and shipbuilders.
• Gas Turbine Services Full-service OEM support for THM and MGT gas turbines including spare parts, maintenance, repairs, and digital solutions at the Competence Center Oberhausen, sold to industrial and energy operators.
• PrimeServ Academy Training Programs Training programs at Augsburg and Saint-Nazaire helping accelerate vessel decarbonization by upskilling crews, de-risking future-fuel adoption, and optimizing assets through targeted e-learning and in-person courses on engine fluids, lube oil analysis, and technical operations.
• Expanders Expanders for energy recovery and industrial process applications, sold to process-industry and energy operators.
• Methanol Engine Upgrade for Seaspan Yangtze Methanol dual-fuel engine retrofit project, the first of five vessel upgrades for Hapag-Lloyd, completed at COSCO Shipping Heavy Industry's Shanghai facility in 2026.
• Hydrogen Engine (35/44DF H2) 100% hydrogen engine developed and tested at the Augsburg site for future maritime propulsion applications, developed under the HydroPoLEn project.
• At-Sea Engine Overhaul Service for U.S. MSC At-sea engine overhaul service using Everllence OEM technicians aboard U.S. Military Sealift Command vessels, allowing maintenance while ships remain operational.

Quantifiable outcome

• Up to 1.5 g/kWh fuel savings with PMI Adaptive Cylinder Control
• +7 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature11 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Seaspan Corporation / Hapag-LloydcoreStrategic or Co-development Partner · 2 June 2026PrimeServ (Everllence's after-sales division) successfully completed methanol dual-fuel engine upgrade on Seaspan Yangtze vessel at COSCO Shipping Heavy Industry in Shanghai, the first in a five-vessel retrofit program for Hapag-Lloyd. This was PrimeServ's 30th dual-fuel upgrade across LNG, methanol, and LPG platforms.
• COSCO Shipping Lines / COSCO Shipping Heavy IndustrycoreStrategic or Co-development Partner · 28 October 2025Everllence completed the world's first conversion of an Everllence B&W S90 two-stroke engine to dual-fuel methanol operation on COSCO Shipping Libra (20,000+ TEU container vessel) in partnership with COSCO Shipping Heavy Industry. The retrofit was executed by Everllence PrimeServ following successful sea trials.
• Monacum PartnersminorStrategic or Co-development Partner · 18 May 2025Monacum Partners agreed to acquire Everllence's DWE reactor and apparatus manufacturing business, representing a strategic divestiture of a specific manufacturing unit within Everllence's portfolio.
• Vale / Shandong Shipping CorporationcoreStrategic or Co-development PartnerVale and Everllence signed a cooperation agreement to develop ethanol-powered marine engines for shipping, with Vale ordering the first ethanol-capable X-DF-M/E engines for two Newcastlemax ore carriers to be built for Shandong Shipping Corporation. Vale aims to use ethanol as part of its strategy for fleet fuel flexibility.
• Silverstream TechnologiesminorStrategic or Co-development PartnerEverllence and Silverstream developed an engine-supported air lubrication system for ships that uses scavenge air from the main engine instead of dedicated compressors to reduce hull friction and fuel consumption, with estimated net fuel savings of about 3.5%.

Scale indicators13 records

Recent moves7 records

Expansion highlights8 records

Direct peers

• Wärtsilä: Finland-based direct competitor in four-stroke marine engines and dual-fuel platforms (methanol, LNG, ammonia-ready). Closely comparable in marine service network, alternative-fuel strategy, and decarbonization solutions targeting the same shipping customers.
• Alfa Laval: Swedish marine equipment supplier offering heat exchangers, separation, fluid handling, and boiler systems. Both partner (Alfa Laval-Everllence AR trials) and competitor in shipboard systems serving the same vessel customers.
• Caterpillar Marine: Global manufacturer of marine propulsion and power generation engines, competing directly with Everllence in four-stroke marine engines, generator sets, and commercial shipping applications including naval and offshore segments.
• ABB Marine & Ports: Supplies marine propulsion systems, electrical and digital solutions for ships. Competes with Everllence in integrated propulsion packages, hybrid/electric propulsion, and ship digitalization — overlapping on Everllence's CEON and electric propulsion offerings.
• Rolls-Royce Power Systems (MTU): MTU brand delivers high-speed marine and power generation engines competing with Everllence in naval defense, yachts, ferries, and stationary power; closely comparable in diesel/gas engine portfolio and service network.

Emerging players

• Burckhardt Compression: Swiss manufacturer of reciprocating compressors supplying boil-off gas compressors for LNG carriers using Everllence's ME-GI propulsion. Both a partner and a niche competitor in industrial compressors, particularly for LNG and CCS applications.

Broad incumbents

• GE Vernova: Global power equipment OEM spanning gas, steam, and wind turbines plus grid solutions. Competes with Everllence's turbomachinery in power generation, oil & gas, and increasingly in data-center power, but at much larger scale across multiple energy verticals.
• Siemens Energy: Large incumbent in industrial steam and gas turbines, grid-scale power generation, and energy solutions. Overlaps with Everllence's turbomachinery and energy segments, especially in power generation for utilities and large industrial customers.
• Mitsubishi Heavy Industries: Japanese conglomerate with marine engines, steam/gas turbines, compressors, and industrial machinery. Direct competitor in two-stroke marine engines, steam turbines, and turbomachinery, but operates at much broader scale including shipbuilding, aerospace, and defense.
• Hyundai Heavy Industries: South Korean shipbuilder and engine manufacturer (HiMSEN) competing in mid-bore marine engines and complete propulsion packages. Comparable in commercial marine engine manufacturing and integrated shipbuilding offerings.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Everllence
• Facebookfacebook.com/Everllence
• LinkedInlinkedin.com/company/everllence
• Instagraminstagram.com/everllence
• Xx.com/everllence_2025

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Everllence