Agilyx signs binding pact to buy 44% of Greendot Global

Agilyx signs binding pact to buy 44% of Greendot Global

Oslo, Norway - July 17, 2025 - Agilyx ASA (OSE: AGLX; OTCQX: AGXXF), a leading player in advanced recycling, has entered into a binding and fully financed agreement to acquire a 44% stake in GreenDot Global S.à r.l. (GreenDot). This strategic move significantly strengthens Agilyx's presence in the European market and positions the company to create a global platform for sourcing and supplying feedstock to the advanced recycling industry [1].

GreenDot, the leading circular plastic recycling platform in Europe and the third-largest recycling company in Germany, processes over 1 million tons of packaging waste annually, including over 400,000 tons of plastic [1]. 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 [1].

Agilyx's CEO, Ranjeet Bhatia, expressed his enthusiasm for the acquisition: "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" [1].

GreenDot's CEO, Laurent Auguste, welcomed Agilyx as a new shareholder and highlighted the potential synergies between the two companies: "We very much welcome Agilyx as a new GreenDot shareholder. The 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" [1].

The transaction values GreenDot at a post-money enterprise value of EUR197 million. Agilyx will acquire its 44% stake for a total consideration of EUR52 million, consisting of approximately EUR32 million in newly issued Agilyx shares and EUR20 million in cash [1]. The transaction is expected to close in late Q3 2025, subject to customary conditions including regulatory approval under German foreign direct investment laws, lender consent for change of control at GreenDot, and Agilyx shareholder approval for the issuance of the Consideration Shares at an Extraordinary General Meeting (EGM) [1].

References:
[1] https://www.marketscreener.com/quote/stock/AGILYX-ASA-113170532/news/Agilyx-signs-binding-agreement-to-acquire-44-of-GreenDot-Global-Europe-s-largest-waste-plastic-re-50529217/