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Research

SP Group (One-pager): Consolidation restarts with Ide-Pro acquisition

SP Group
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Summary

  • SP Group has acquired Idé-Pro for DKK 700 million, enhancing its capabilities with in-house toolmaking, rapid prototyping, and an expanded engineering platform in India, with expected synergies of DKK 20-25 million.
  • The acquisition is analyzed for its financial impact on SP Group's leverage and margins, alongside its strategic positioning in healthcare, cleantech, and foodtech sectors.
  • The one-pager also discusses the ongoing expansion of SP Group's US factory and the potential effects of weaker own-brand activity anticipated in 2025.
  • HC Andersen Capital, which receives payment from SP Group, provides a disclaimer regarding its DigitalIR/Corporate visibility subscription agreement.

This content is generated by AI. You can give feedback on it in the Inderes forum.

Read the latest SP Group One-pager following its acquisition of Idé-Pro, which includes a brief description of SP Group, valuation perspectives relative to a peer group, and several key investment risks and investment reasons.

The one-pager looks at the strategic rationale behind the DKK 700m acquisition, bringing the addition of in-house toolmaking, rapid prototyping capabilities, and an expanded engineering platform in India, and expected synergies of DKK 20-25m, while also assessing the financial impact on leverage and margins. The one-pager also looks at SP Group’s positioning across healthcare, cleantech, and foodtech, the ongoing ramp-up in the US factory, and the implications of weaker own-brand activity in 2025.

You can also catch up on the latest presentation of the Q3 results Q3 2025 results hosted with SP Group CEO Lars Bering and (outgoing) CFO Tilde Kejlhof: https://www.inderes.dk/videos/sp-group-presentation-of-the-quarterly-report-for-q3-2025

Disclaimer: HC Andersen Capital receives payment from SP Group for a DigitalIR/Corporate visibility subscription agreement. /Philip Coombes 12:30 05 January 2026

SP Group is a Danish plastic manufacturer that produces moulded items in plastics and plastic composites and performs surface coatings on metal items. The company is listed on the Nasdaq OMX Copenhagen Stock Exchange. It dates back to 1972 and is headquartered in Denmark. SP Group is a leading supplier of plastic-manufactured products to Danish industries. It services its clients through its factories in Denmark, Sweden, China, the USA, and Eastern Europe and its products are sold and marketed in around 90 countries. The Company offers a number of collective competencies through its different plastics processing plants which create synergy both internally among the plants and externally in partnerships with customers. The largest customer groups in terms of revenue are Healthcare, Cleantech, Food-related and Automotive, which adds up to around 75% of sales. SP Group is part of the OMX Copenhagen Mid Cap Index.

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