Agilyx signs binding agreement to acquire 44% of GreenDot Global – Europe’s largest waste plastic recycling platform

Agilyx ASA has entered into a binding and fully financed agreement to acquire 44% of GreenDot Global S.à r.l. (“GreenDot”). This transformative investment significantly strengthens Agilyx’s presence in the European market, creating a global platform for sourcing and supplying feedstock to the advanced recycling industry.

GreenDot is the leading circular plastic recycling platform in Europe and the third-largest recycling company in Germany. Licensed across 29 countries, it is the most recognized recycling brand in Europe. GreenDot processes more than 1 million tons of packaging waste annually, including over 400,000 tons of plastic. The company is expanding its advanced recycling feedstock supply capabilities by investing in sorting facilities in Austria and Italy. For 2025, GreenDot’s operations are expected to generate approximately EUR400 million in total sales and double-digit EBITDA.

Ranjeet Bhatia, CEO of Agilyx, commented: “We are thrilled to expand Agilyx´s reach into Europe as we build a global platform to supply feedstock to the plastic recycling industry. GreenDot is the recognized industry leader in Europe, has tremendous momentum in the fast-developing advanced recycling market, and is a great complement to Agilyx’s existing activities. We´re looking forward to working closely with GreenDot´s talented management and world-class shareholders on this transformative opportunity.”

Laurent Auguste: CEO of GreenDot commented: “We very much welcome Agilyx as a new GreenDot shareholder. Agilyx’s investment and the business synergies we will develop between two market leaders across the Atlantic will strengthen our ability to act as a preferred partner of brands and actors in the plastic packaging value chain. The new capital injection will support expansion of facilities in Germany, Austria, and Italy and is additional evidence of GreenDot’s commitment to scaling the circular economy of plastic in Europe.”