Agilyx Acquires 44% Stake in GreenDot Global
Agilyx ASA (OSE AGLX OTCQX AGXXF) has signed a binding agreement to acquire 44% of GreenDot Global S. r.l. (GreenDot). This move reinforces Agilyx’s presence in the European market, solidifying its position as a key player in the advanced recycling industry.
Strengthening Market Position
GreenDot, the largest circular plastic recycling platform in Europe and the third-largest recycling company in Germany, is a valuable addition to Agilyx’s portfolio. With operations in 29 countries and a strong reputation as a leading recycling brand in Europe, GreenDot processes over 1 million tons of packaging waste annually, with a focus on plastic recycling.
Growth and Expansion
In 2025, GreenDot is projected to achieve EUR400 million in total sales and double-digit EBITDA. The company is expanding its feedstock supply capabilities by investing in sorting facilities in Austria and Italy, further enhancing its advanced recycling capabilities.
Transformational Opportunity
Ranjeet Bhatia, CEO of Agilyx, expressed excitement about the partnership with GreenDot, emphasizing the potential to build a global platform for sustainable feedstock supply. Laurent Auguste, CEO of GreenDot, welcomed Agilyx’s investment and highlighted the strategic alignment between the two companies to drive innovation in plastic recycling.
Financial Details
The transaction values GreenDot at EUR197 million, with Agilyx acquiring its 44% stake for EUR52 million. The consideration includes a mix of newly issued Agilyx shares and cash, ensuring a fully financed agreement.
Forward Steps
The deal is subject to customary conditions and regulatory approvals, with expectations to close in late Q. Both companies are committed to advancing the circular economy of plastic in Europe, driving sustainability and innovation.
About Agilyx
Agilyx ASA leads the field in advanced recycling, converting post-use plastics into high-value feedstock and virgin-equivalent products. Through strategic partnerships and innovative solutions, Agilyx supports the transition to a circular economy, contributing to a low-carbon future.
About GreenDot
With nearly three decades of expertise in the circular economy, GreenDot collaborates with global brands to deliver end-to-end food packaging solutions. The partnership with Agilyx will enhance long-term feedstock strategies and advance plastic recycling on a global scale.
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