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Agilyx Completes Investment in GreenDot

On October 16, 2025, Agilyx ASA (OSE: AGLX, OTCQX: AGXXF) announced the successful completion of its investment transaction in GreenDot Global S.à r.l. This strategic acquisition marks a significant milestone in Agilyx's commitment to enhancing its presence in the European recycling sector. Initially announced on July 17, 2025, the investment involves Agilyx acquiring a 44% stake in GreenDot, a cutting-edge pan-European platform focused on circular recycling of waste plastics. With this acquisition, Agilyx aims to establish a robust framework for sourcing and supplying feedstock to the advanced recycling industry.

Agreement Details and Closing

The completion of this transaction followed the endorsement of shareholders at an Extraordinary General Meeting held on October 3, 2025. All closing conditions were met, and the finalization occurred on October 15, 2025, following a capital increase in GreenDot. Agilyx contributed EUR 7 million to the EUR 27 million investment round, solidifying its stake and enabling further collaborative efforts in the recycling landscape.

GreenDot's Growth Trajectory

GreenDot is set to enhance its capabilities in the mechanical recycling sector as part of its overarching strategy. The company is dedicated to advancing contracts focused on supplying feedstock for advanced recycling and maintaining the growth of its profitable core operations, particularly in Germany's plastic recycling market. Forecasts suggest that GreenDot is on track to generate approximately EUR 400 million in sales for the year 2025.

In September 2025, GreenDot secured a noteworthy 10-year feedstock supply contract with a third-party advanced recycling facility. This contract is expected to involve the processing of 20,000 to 34,000 tons of material annually. Furthermore, GreenDot is actively pursuing an agreement to acquire a mechanical recycling facility in Italy, which specializes in bottle-to-bottle recycling and the production of piping materials made from recycled content.

Leadership Perspectives

Ranjeet Bhatia, Agilyx CEO, expressed excitement regarding the completion of the GreenDot investment, highlighting the opportunity to rapidly develop a leading pan-European plastic recycling platform. Bhatia noted, "We are enthusiastic about collaborating with our new colleagues and shareholders at GreenDot to achieve our collective objectives."

Conversely, Laurent Auguste, CEO of GreenDot, welcomed Agilyx as a shareholder, emphasizing that the investment will bolster their facility expansions in Germany, Austria, and Italy. He remarked, "This new capital infusion will further reinforce our commitment to scaling the European circular economy of plastics. The synergies created through this partnership position us as a preferred collaborator for global brands and stakeholders in the plastic packaging sector."

Moving Forward

The completion of this investment transaction positions both Agilyx and GreenDot to take meaningful strides toward a sustainable future in the recycling industry. As they navigate the challenges and opportunities within the sector, their collaborative efforts stand to significantly impact the landscape of plastic waste recycling in Europe.

For further details about Agilyx and its innovative approaches to waste management and recycling, visit Agilyx Official Website.