Agilyx has acquired a 44% stake in GreenDot Global for €52 million, positioning itself as a leader in the European circular recycling market.

Information on the Target

Agilyx, based in Norway, has successfully acquired a 44% stake in GreenDot Global, a leading pan-European platform specializing in the circular recycling of waste plastic feedstock. This acquisition, valued at an enterprise level of €197 million ($228.9 million), was initially announced in July 2025. Agilyx's investment reached €52 million, consisting of €32 million for newly issued shares and €20 million in cash through a combination of primary and secondary share purchases.

GreenDot operates across 29 countries and processes over one million tonnes of packaging waste each year, including 400,000 tonnes of plastic. As the largest circular plastic recycling platform in Europe and the third-largest recycling company in Germany, GreenDot is focused on enhancing its mechanical recycling capabilities while establishing supply contracts for advanced recycling, concurrently bolstering its growth in Germany's plastic recycling sector.

Industry Overview in the Target’s Specific Country

The plastic waste recycling industry in Europe is undergoing significant transformation, driven by increasing regulatory pressures and growing consumer awareness regarding sustainability. Companies are now more inclined to adopt advanced recycling technologies and circular economy principles to mitigate environmental impact and meet evolving consumer demands.

Germany, in particular, is setting the pace in this transition, not only as a recycling leader but also as a hub for innovation within the industry. The country is implementing stringent waste management policies that encourage recycling, alongside initiatives aimed at reducing plastic use across various sectors.

In recent years, there has been a notable surge in investment within the recycling sector, as corporations strive to improve sustainability practices and enhance their corporate social responsibility (CSR) standings. This trend is accompanied by the growing recognition among investors of the potential profitability that lies within the circular economy.

Moreover, partnerships among leading recycling companies and new startups are common, as they pool resources and expertise to advance technologies tha