Agilyx investment transaction in GreenDot completed
Prnewswire·2025-10-16 12:48

Core Insights - Agilyx ASA has completed the acquisition of approximately 44% of GreenDot Global S.à r.l., enhancing its position in the European recycling market and creating a global platform for sourcing feedstock for advanced recycling [1][2][4] Acquisition Details - The acquisition was finalized on October 15, 2025, following the approval of all conditions at an Extraordinary General Meeting on October 3, 2025 [2] - Agilyx contributed EUR 7 million to a EUR 27 million investment round for GreenDot [2] GreenDot's Business Expansion - GreenDot is focused on expanding its mechanical recycling capabilities and has secured a 10-year feedstock supply contract for 20,000-34,000 tons per annum from a third-party advanced recycling facility [3] - The company is projected to generate approximately EUR 400 million in sales for 2025 and is acquiring a mechanical recycling facility in Italy [3] Leadership Comments - Agilyx's CEO expressed optimism about building a leading pan-European plastic recycling platform and collaborating with GreenDot [4] - GreenDot's CEO highlighted the importance of the new capital for expanding facilities in Germany, Austria, and Italy, and emphasized the synergies created by the partnership with Agilyx [4]