US private equity firm Bain Capital has agreed to purchase Everllence, a Volkswagen subsidiary, for 7.4 billion euros (approximately $8 billion). Everllence is a profitable company specializing in the production of marine propulsion systems and generators. The sale comes as a surprise to industry analysts, as VW had not publicly signaled its intention to divest this particular business unit. The deal allows Volkswagen to streamline its portfolio and focus on its core electric vehicle strategy. Bain Capital aims to further develop Everllence’s market position within the maritime industry. Financial details beyond the purchase price have not been disclosed. The transaction is subject to regulatory approvals.