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VW GROUP MAY SEEK BUYERS FOR MAN ENERGY SOLUTIONS

Tuesday, May 7, 2019 

According to reports from the Reuters News Agency, Volkswagen has made approaches to various companies to see if there is any interest in buying MAN Energy Solutions.

MAN Energy Solutions was separated from VW's MAN trucks division last year as part of a streamlining process, but the group's management apparently wants to slim down the business and simplify the group, which currently has 12 separate brands.

No formal sales process has yet begun but Reuters' sources believe that other engine manufacturers such as Cummins, Wartsila and Jenbacher, as well as Mitsubishi Heavy Industries, Alfa Laval and various private equity groups, could be interested in the €3 billion MAN Energy Solutions business.

One possible obstacle to the sale could be Volkswagen's works council, which has previously vetoed major restructuring moves.

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