SP Group

What SP Group does

SP Group A/S is a Danish publicly-listed (NASDAQ Copenhagen: SPG) custom polymer and composite component manufacturer serving industrial OEM customers across Healthcare, Cleantech, Foodtech and other industrial verticals. Founded in 1972 and headquartered in Søndersø, Denmark, the company operates 33 factories across 11 countries on three continents through a local-for-local manufacturing model that places production typically within 800 km of customers. As of April 2026 the company employed approximately 2,799 people and served more than 1,000 customers worldwide.

The company's core offering is contract manufacturing of plastic, composite, polyurethane and coated components using a broad technology portfolio that spans injection moulding (480+ machines including servo-electric units up to 1,500 tons), blow moulding, rotational moulding, thermoforming, reaction injection moulding, composite manufacturing (vacuum infusion, RTM, prepreg, hand lay-up), multi-material polyjet 3D printing, precision CNC machining, extrusion, and ISO Class 7/8 cleanroom assembly totalling 11,000 m² across Denmark, Poland and the USA. In addition to custom manufacturing, approximately 27% of revenue is generated from owned brands including Ergomat ergonomic matting, Atlantic Floats, DAN-FENDER marine fenders, Nycopac returnable packaging, MedicoPack pharmaceutical packaging, Meditec flocked swabs, TOPO insulation caps, and TPI livestock ventilation. Notable proprietary capabilities include composite parts delivering up to 70% weight reduction versus steel, multi-layer blow moulding with EVOH or recycled barriers at ±0.05 mm thickness tolerance, and full-colour multi-material 3D printing combining up to 600,000 colours and 14 hardnesses in a single print.

SP Group's go-to-market is enterprise field sales with engineering collaboration from design through industrialization at each subsidiary. Pricing is quotation-based and not publicly disclosed; revenue is generated through long-running custom manufacturing contracts and hardware sales of own-branded products. FY2025 revenue was DKK 2,948 million (+22.9% year-on-year) with EBITDA of DKK 595 million (20.2% margin) and EBT of DKK 345 million. The largest end-markets are Healthcare (medical devices, sterile packaging, pharma packaging) and Cleantech (wind, offshore, biogas), with Foodtech and other industrial segments making up the balance. Recent strategic activity has centred on the December 2025 acquisition of Idé-Pro for DKK 700 million, the January 2025 establishment of SP Meditec, and leadership transitions including a new CEO (September 2024) and CFO (January 2026).

Name

SP Group

Legal name

SP Group A/S

Website

https://sp-group.com

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SP Group A/S is a Danish publicly-listed custom polymer and composite manufacturer serving industrial OEMs in Healthcare, Cleantech, Foodtech and other sectors through 33 factories across 11 countries, with 27% of revenue from own branded products.

Ownership category

akta.pro rank

Headquarters

HQ city

Søndersø

HQ country

Denmark

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Custom Manufacturing Services: SP Group designs, manufactures, and finishes advanced polymer and composite components for Healthcare, Cleantech, Foodtech, and industrial OEM customers. Revenue is generated through custom manufacturing contracts with long-term customer relationships. The company also generates revenue from own branded products including Ergomat ergonomic mats, Atlantic Floats, DAN-FENDER marine products, Nycopac packaging solutions, and MedicoPack pharmaceutical packaging.
2. Own Branded Products: 27% of revenue comes from sales of own products including Ergomat ergonomic safety products, Atlantic Floats for fishing industry, DAN-FENDER marine fenders and buoys, Nycopac sustainable packaging solutions, MedicoPack pharmaceutical packaging, Meditec flocked swabs, and TPI ventilation solutions for livestock housing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

SP Group is a contract manufacturer of custom polymer and composite components for industrial OEM customers, offering injection moulding, blow moulding, rotational moulding, thermoforming, RIM, composite manufacturing, 3D printing, precision CNC machining, extrusion, coating and cleanroom production across 33 factories in 11 countries. The group also designs and sells its own branded products including Ergomat ergonomic mats, Atlantic Floats, DAN-FENDER marine fenders, Nycopac packaging, MedicoPack pharmaceutical packaging, Meditec flocked swabs and TPI ventilation solutions, with own products contributing 27% of revenue.

Product overview

SP Group is a leading global supplier of advanced polymer and composite solutions serving Healthcare, Cleantech, and Foodtech industries. The company operates as a one-stop shop offering comprehensive manufacturing capabilities including injection moulding (480+ machines), blow moulding, 3D printing, composite manufacturing, and assembly services. SP Group's own product portfolio includes specialized offerings such as Atlantic Floats (marine fishing equipment), DAN-FENDER (marine fenders and buoys), Ergomat (ergonomic workplace matting), Guide Wires (medical devices), MedicoPack (pharmaceutical packaging), Meditec Flocked Swabs (clinical specimen collection), Nycopac (sustainable packaging), TOPO Insulation Caps (energy-saving valve insulation), and TPI-Polytechniek (agricultural ventilation systems). These own products complement their contract manufacturing services, with 27% of revenue coming from proprietary products.

Differentiator

Problem solved

Functional benefit

Brands

• Atlantic Floats: Specialized floats for controlling nets during deep sea fishing and other types of special equipment for the fishing industry.
• DAN-FENDER
• Ergomat Matting
• Guide Wires
• MedicoPack
• Meditec Flocked Swab
• Nycopac
• TOPO
• TPI

Products and services

• Injection Moulding Contract injection moulding using 480+ machines worldwide including servo-electric machines up to 1,500 tons and 50 two- and three-component machines, producing precision technical parts for Healthcare, Cleantech and Foodtech OEMs.
• Blow Moulding IBM and EBM blow moulding solutions for medical and industrial hollow products including sterile vials, drug-delivery bottles and technical reservoirs in volumes from 5 ml to 30 litres, with multi-layer EVOH/recycled barriers and rotary machines producing up to 1,800 vials per hour.
• 3D Print Additive manufacturing of plastic prototypes and short-run production parts using industrial polyjet printers combining up to 600,000 colours and 14 material hardnesses in a single print, integrated with in-house CNC machining.
• Cleanroom Production Controlled-environment contract manufacturing for Healthcare and High-Tech customers in ISO Class 7 and 8 cleanrooms with validated HVAC, integrated quality systems, UDI labelling and full batch traceability.
• Composite Manufacturing Contract manufacturing of glass- and carbon-fibre parts via vacuum infusion, RTM, prepreg and hand lay-up with high-fibre-volume laminates and Class A surfaces, plus low-density cores for sandwich designs lowering weight by up to 45%, for wind energy, transportation and defence customers.
• Design Support & Engineering Expert design input and advising from concept to production-ready design, evaluating 10 manufacturing technologies (injection moulding, blow moulding, rotational moulding, thermoforming, RIM, composites, 3D printing, machining, extrusion, coating) to select the optimal process for each component.
• Complete Assembly Integration of plastic, metal and electronics into final products with small- and large-scale assembly services delivering finished, ready-to-ship products to OEM customers.
• Extrusion Contract extrusion of tailor-made plastic profiles and components to exact specifications for various industrial applications.
• Precision Plastic Machining CNC-milled and-turned plastic parts from prototypes through series production offering ultra-tight tolerances for medical fixtures and conveyor systems.
• Reaction Injection Moulding (RIM) Reaction injection moulding in polyurethane (PUR) or DCPD (Telene®) producing small to large, lightweight to heavy parts for demanding applications including electronic housings and agricultural body panels up to 3 metres.
• Rotational Moulding Contract rotational moulding of seamless hollow parts for small- to medium-series production (30 to 3,000 units), used for buoyancy products, tanks, complex ducts and fenders.
• Thermoforming Vacuum, twin-sheet and high-pressure thermoforming up to 2.5 × 4.5 metres for panels, machine guards and vehicle interior parts with depths up to 700 mm.
• Tooling Manufacture In-house design, milling and qualification of extrusion dies, thermoforming tools, RIM moulds and steel injection moulds with cavity accuracy within ±0.02 mm.
• Atlantic Floats Specialized floats used to control nets during deep sea fishing and other types of special equipment for the fishing industry, designed to withstand the toughest weather conditions in low temperatures.
• DAN-FENDER One of the world's largest producers of fenders and buoys for marine sectors including leisure boating, fishing, aquaculture, commercial vessels, navy and coast guard vessels, and offshore projects.
• Ergomat Matting Leading global supplier of innovative ergonomic and safety products for the modern workplace, including molded and extruded safety products that foster safe, productive workplaces.
• Guide Wires Medical device components used in healthcare applications for various surgical and diagnostic procedures, including clinical specimen collection.
• MedicoPack Develops and produces pharmaceutical packaging in plastic for pharmaceutical companies, hospital pharmacies and the veterinary industry worldwide.
• Meditec Flocked Swab Specimen collection flocked swabs for nasal and oral collection of clinical samples used for rapid and accurate diagnosis of clinical specimens.
• Nycopac Develops and sells sustainable packing solutions that are returnable and recyclable, focusing on durability, packaging optimisation and environmental impact.
• TOPO Insulation Caps Insulation caps for valves and fittings made of polyurethane that provide high energy savings by reducing heat loss.
• TPI-Polytechniek Ventilation Ventilation solutions for creating ideal climate conditions in poultry and pig housing, contributing to livestock well-being, energy efficiency and higher productivity.

Quantifiable outcome

• Weight reduction up to 70% compared to steel through composite solutions
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• DAHL AdvokatpartnerselskabminorOthersExternal law firm handles SP Group's whistleblowing system confidentially. Reports are submitted through a secure portal and handled confidentially by the external firm.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• AptarGroup, Inc. US-listed global supplier of dispensing systems and packaging components (closures, pumps, valves) for pharma, beauty, and food. Overlaps with SP Group's blow-moulded MedicoPack and Nycopac packaging businesses; both serve regulated OEM customers with polymer-based packaging.
• West Pharmaceutical Services: Global leader in pharmaceutical packaging components including elastomers and plastic delivery systems. Comparable as a regulated healthcare plastics supplier with similar FDA/MDR customer profile, though West is materially larger and more specialized.
• Stevanato Group: Italian provider of drug containment and medical plastics solutions with proprietary glass and plastic offerings serving pharma OEMs. Comparable as a regulated healthcare plastics platform, though Stevanato is more concentrated in pharma containment vs SP Group's diversified end-markets.
• Röchling Group: German-headquartered industrial plastics manufacturer with a similarly broad technology portfolio (injection, compression, extrusion, composites) serving automotive, medical, and industrial OEMs. Closely comparable as a European custom plastics platform with healthcare exposure.
• Gerresheimer AG: Specialty plastic (and glass) packaging manufacturer serving pharmaceutical, medical, and cosmetics customers. Directly comparable as a European medical-plastics supplier with regulatory-driven moat and similar OEM customer profile to SP Group's MedicoPack and cleanroom operations.
• Nolato AB: Swedish polymer solutions provider with a comparable multi-technology manufacturing platform (injection moulding, extrusion, etc.) serving medical, industrial, and consumer customers across multiple geographies. Business model and customer mix closely mirror SP Group's contract manufacturing + own-brand mix.

Broad incumbents

• Amcor plc: Global packaging giant with healthcare flexibles and rigid plastics businesses. A broad incumbent operating at materially larger scale than SP Group, with some end-market overlap in healthcare and food-contact packaging.
• Berry Global Group: Large US-headquartered plastic packaging and engineered materials producer with healthcare, consumer, and industrial exposure. Comparable on materials and end-markets but significantly larger scale and broader product breadth than SP Group's custom manufacturing focus.
• SCHOTT AG: German specialty materials group producing pharmaceutical packaging (glass and polymer) for the same healthcare OEM customers SP Group serves. Broader portfolio (lighting, optics, electronics) places SCHOTT as an incumbent in pharma packaging rather than a direct like-for-like competitor.
• Sonoco Products Company: Diversified global packaging manufacturer with healthcare packaging and rigid plastics operations. Overlaps with SP Group's healthcare and sustainable packaging segments, but operates at much greater scale and across a broader packaging portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SP Group