SP Group (SPG) M&A Announcement summary

Deal rationale and strategic fit

• Acquisition of Idé-Pro provides advanced prototyping, large-part injection moulding, die-casting, and digital platform capabilities, expanding technological offerings and supporting a One-Stop Shop strategy.

• Strengthens position as a leading plastics company in Northern Europe, supporting growth ambitions toward 2030 and expanding presence in India for growth in Asia.

• Idé-Pro's strong sales team, customer proximity in Europe, and digital platform enable fast delivery and efficient production.

• Enhances ability to deliver across the value chain, from R&D to serial production, especially for defence, healthcare, cleantech, and foodtech sectors.

• In-house tool production and a platform in India enhance flexibility, competitiveness, and service to local customers.

Financial terms and conditions

• Transaction based on an enterprise value of DKK 700 million, fully paid in cash and debt financed, with a locked-box date of June 30, 2025; signing and closing occurred simultaneously.

• Equity value on a debt-free basis is DKK 671.8 million after working capital adjustments.

• Idé-Pro reported EBITDA of DKK 92 million for the year ended June 30, 2025.

• Acquisition cost is higher than previous deals due to Idé-Pro's size and strategic value.

• Transaction costs will impact current year and 2025 results, but no change to previously announced expectations.

Synergies and expected cost savings

• Annual synergies of DKK 20–25 million expected within two years, mainly from in-house tool production and cross-selling.

• Revenue increase of DKK 450–500 million and EBITDA impact of DKK 105–120 million projected for 2026, including synergies.

• Increased efficiency and earnings anticipated from expanded in-house toolmaking capacity.

• Cost savings anticipated by moving tool production in-house, reducing reliance on external suppliers.