#recycling #Agilyx ASA #GreenDot Global

Agilyx Strengthens Its Footprint in Europe with 44% Acquisition of GreenDot Global

In a landmark move for the recycling industry, Agilyx ASA (OSE: AGLX) has entered into a legally binding agreement to acquire a 44% stake in GreenDot Global, renowned as Europe’s premier waste plastic recycling platform. This strategic investment marks a significant expansion of Agilyx's operations and its commitment to sustainable practices across the continent.

GreenDot, a key player in the circular economy, processes more than one million tons of packaging waste annually, including over 400,000 tons of plastic. With operations licensed in 29 countries and ranked as the third-largest recycling company in Germany, its influence is undeniably formidable. The company is currently ramping up its capabilities in advanced recycling by investing in sorting facilities located in Austria and Italy, further solidifying its role at the forefront of waste management efforts in Europe.

A Transformative Investment

This acquisition not only enhances Agilyx's operational capacity but also creates a robust platform for sourcing and supplying high-quality feedstock to the rapidly growing advanced recycling sector. The transaction values GreenDot at an enterprise value of €197 million. Agilyx will invest €52 million to secure its stake, which includes approximately €32 million in newly issued shares and about €20 million in cash transactions.

Ranjeet Bhatia, CEO of Agilyx, expressed enthusiasm about the partnership stating, “We are thrilled to expand Agilyx’s reach into Europe, building a global platform to supply feedstock to the plastic recycling industry. GreenDot is recognized as an industry leader in Europe, and this transformative opportunity will allow us to work closely with their talented management.”

Laurent Auguste, CEO of GreenDot, echoed Bhatia’s excitement, welcoming Agilyx as a shareholder. He emphasized the potential synergies between the two market leaders, which will enhance their ability to partner effectively with brands across the packaging value chain. The new influx of capital is set to further GreenDot’s expansion plans in Germany, Austria, and Italy, reinforcing its commitment to advancing the circular economy in Europe.

Financial Backing and Future Prospects

The transaction is fully financed through a €20 million subordinated loan facility provided by existing investors, ensuring a stable financial grounding as both companies look to expand. The deal is expected to close by late Q3 2025, pending customary conditions such as regulatory approvals and shareholder consents.

Agilyx’s strategic move into the European market underscores its goal of converting post-use plastics into high-quality feedstock. By collaborating with GreenDot, Agilyx aims to enhance its existing operations and broaden its impact within the recycling industry, which is essential for transitioning to a low-carbon economy.

Both companies share a commitment to promoting the circular economy, transforming the linear