AEQUITA Completes Acquisition of Select European Assets from LYB and Launches Velogy

May 1, 2026, Munich — AEQUITA has successfully completed the acquisition of select European olefins and polyolefins-related assets from LyondellBasell (NYSE: LYB). Headquartered in Rotterdam, the Netherlands, the business will operate under the name Velogy. Velogy operates production sites in Berre, France; Münchsmünster, Germany; Carrington, UK; and Tarragona, Spain, generating approximately EUR 2.5 billion in annual revenue and employing more than 1,700 people.

Dr.-Ing. Axel Geuer, Founder and Chairman of AEQUITA, stated: "This transaction marks AEQUITA’s entry into the European chemicals market—a sector with solid fundamentals and significant long-term value creation potential—and further strengthens our position as Europe’s partner of choice for complex carve-out transactions. We look forward to working closely with Velogy’s experienced management team and employees to build a leading European platform in the olefins and polyolefins sector."

Peter Vanacker, Chief Executive Officer of LyondellBasell, commented: "Today’s transaction closing is a significant milestone for LyondellBasell and for the employees transitioning to AEQUITA’s ownership. We are proud of the dedication and high level of expertise demonstrated by our transitioning colleagues throughout this process. We remain committed to ensuring a safe and smooth transition, maintaining reliability for our customers, suppliers, and partners. We sincerely wish Velogy, as a newly independent company, and its employees every success as they move forward with strong momentum and confidence under AEQUITA’s dedicated ownership."

Robert Roiger, COO of AEQUITA and incoming Chief of Transformation at Velogy, commented: "We are very pleased to have completed this transaction together with the LyondellBasell team, and we thank them for their constructive and trust-based collaboration throughout the process. With the support of AEQUITA’s operational team, we will now focus on developing Velogy into a competitive independent platform, unlocking its full potential, and actively pursuing both organic and inorganic growth opportunities."

Following the acquisition of Velogy in June 2025, AEQUITA continued executing its buy-and-build strategy by acquiring SABIC’s European Petrochemical business in January 2026. Subject to customary closing conditions and regulatory approvals, the integration of SABIC’s European Petrochemical business is expected to further strengthen Velogy’s value proposition by expanding its operational capabilities, geographic footprint, and product portfolio.

Richard Roudeix, CEO of Velogy, stated: "Having worked closely with the AEQUITA team over recent months, we look ahead with great optimism. AEQUITA has proven to be the ideal partner to support Velogy’s next phase of growth as an independent company, thanks to its collaborative and hands-on approach. Going forward, we will place customers at the heart of our business while driving operational excellence across the entire value chain."

About AEQUITA

AEQUITA is a global industrial investment group headquartered in Munich, Germany, focusing on special situations such as corporate transformations, carve-outs, and business successions across Europe, Asia, and the United States. The current portfolio generates over EUR 10 billion in annual revenue across the automotive, chemicals, and industrial sectors, and employs more than 19,000 people worldwide. Leveraging a strong capital base and deep expertise in operations, AEQUITA specializes in acquiring companies with the potential for long-term value creation and supporting their sustainable growth.

For more information, please visit www.aequita.com.