3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||29 Jun 2017|
|Customer:||SP Group A/S|
|Amount in DKK:||DKK 100 million|
|Amount in EUR:||EUR 13.45 million|
|NACE sector / loan type:||Manufacturing|
|Business area:||Industries and services|
This investment loan has been provided to finance investments to support SP Group’s expected organic growth of more than 20% in 2017–2019.
The investments include increasing the share of SP Group’s own products in total sales, continuing internalisation efforts, further enhancing efficiency and investing heavily in new processes, technology and people.
Founded in 1972, SP Group A/S manufactures and supplies moulded plastic components and coatings in more than 80 countries. The Danish mid-cap serves the healthcare, clean-tech and food-related sector and employs approximately 1,600 people.
The loan is in line with NIB’s strategy of lending to fast-growing mid-cap companies in order to help fuel innovation and investment.
A sustainability assessment is not possible since the measures underpinning the organic growth cannot be pre-determined.