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SP Group A/S acquires 52 % of Kodan Plast s.r.o., Slovakia

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Today, SP Group A/S has acquired 52 % of the shares in Kodaň Plast s.r.o. at an enterprise value including debt of DKK three million.

SP Group finances the acquisition by debt and no new shares will be issued.

This acquisition is not expected to have any effect on SP Group’s outlook for the year 2018.

Kodaň Plast s.r.o. was established in 2016 by Peder Hyldegaard and Jens Møller and they will both stay on as executives. The company is situated in Lietavská Lúčka, Slovakia, and has ten employees.

Kodaň Plast s.r.o. is specialized in machining operations, i.e. sawing, milling and turning of items from two x three meter in size to small plastic components with fine details.

Further, the company has competencies within heat bending, gluing and assembling. The scope of applications is wide, from simple cutting sheets for the food-related industry to advanced components for the medico and cleantech industries.

This acquisition complements SP Group’s wide range of competencies and at the same time, SP Group expands its activities in Slovakia.

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