Next Generation Group has acquired a majority share in HydroDyn, which specializes in plastic waste cleaning and purifying technologies.
The acquisition reinforces both companies’ market position and will allow both to leverage their expertise and resources to address the entire lifecycle of plastic materials, from product design through the recycling process, particularly post-consumer recycling.
Under the terms of the agreement, HydroDyn will retain its operational independence while gaining access to Next Generation Group´s extensive global network.
“By joining forces with HydroDyn, Next Generation Group is well-positioned to meet the increasing demand for integrated plastic recycling solutions,” said Josef Hochreiter, CEO of Next Generation Holding GmbH. "HydroDyn’s proven track record and innovative technology make them an ideal partner as we strive to lead the way in driving sustainable recycling practices.”
Headquartered in Feldkirchen, Austria, Next Generation Group includes NGR, NGE and shares in the NGA Group including Collin Lab & Pilot Solutions, BritAS and Comelt.
