Hello, everybody. Welcome to this webcast on our acquisition of Idé-Pro. We have decided to share some more information on this acquisition since it is a very large acquisition for us, and it is much bigger than what we have done previously. Feel free to ask questions in the chat below, and you may also write in Danish if you are not comfortable to write in English, and then we will translate. I have good colleagues here to help me, and we hope we will be able to answer all your questions. We will do this webcast in English so we can also have listeners in from outside Denmark. If there's any issues around the technical stuff, please write in the chat as well, and then we will try to solve it as well.
Finally, if there is something in the end we are not able to, we have not been able to answer, or we have not gone through all the questions, always feel free to reach out if there's anything else you want to know about this. We acquired the company Idé-Pro in Danish, Idé-Pro, December 17, two days ago. It was a great day. It was a project that we have been working on for several months. We are very happy with the result. Idé-Pro is a Danish company built by the Nors family, led by Morten Nors. Morten will continue as the CEO of Idé-Pro going forward. The company started out in 1994 and has always been focusing on having a high growth. Especially in the last years where Morten cooperated with Blue Equity, it has really developed positively.
One of the things I would like to emphasize that we really like is that Idé-Pro has a very large and strong sales team that are working very close to customers located several places in Europe. One of the things I believe we can learn a lot from in the rest of SP Group. Idé-Pro also has some very strong business concepts, especially around the prototypes, making the process of selling plastic parts very, very efficient. On the technical side, I will say I've been with the Danish plastic industry for many, many years, and for many in the industry, Idé-Pro is seen as a technical powerhouse within our industry. They are extremely skilled in many different technologies, and they have developed these technologies very, very much since the beginning. Idé-Pro focuses on three main production technologies. The major one is injection moulding.
The specialty is that they are using soft tooling. They are also using normal tooling, but the specialty is soft tooling, where the tools are made in aluminum. It gives the benefit that the tooling are cheaper, and they are faster to make. They have had a huge focus on prototyping because being able to do a tool fast and cheap enables them to help R&D departments to get functional prototypes for real-life testing of their products very fast, and also traditional injection moulding, typically with low- volume production. Another area, another strength that they have, is that they are very good at making very large parts in injection moulding. Idé-Pro is operating one of the largest injection moulding machines in Northern Europe, enabling them to do parts that are normally very, very expensive to do in traditional tooling, but with aluminum tooling, it is much more affordable.
Another area where Idé-Pro is strong is expanded polypropylene or expanded polystyrene, EPP, EPS. Different types of technical parts of these foam products, an area that we think is really, really interesting. We do sell a number of these types of products today in SP Group, but we have to buy them outside the group. This we can now do inside the group, and we can expand it much more than before. This is also an area that is an alternative to some of our polyurethane production, while the EPP and EPS materials are fully recyclable. The last area that we also believe is very, very interesting is metal parts, and that is something we have to learn to say now because we have been all plastic. Idé-Pro has developed some strong competencies for producing die-casting of light metal parts in an extremely efficient way.
Coming from the injection moulding, they are actually treating the whole process as injection moulding, so you could say, to a great extent, this is injection moulding, where you are pushing metal into a mold instead of pushing plastic into a mold. We think that the die-casting of the light metal parts is very interesting because we will now be able to help our customers in SP Group with products that are stronger or have a better heat transfer, and there are cases where the plastic is not sufficient and giving us much better opportunities for the future. The core of Idé-Pro behind the technologies and why we really believe it's interesting for us is the tool production. In SP Group and for many, many other traditional plastic manufacturers, tooling is something that you buy outside. To a big extent, it is bought in Asia.
Idé-Pro has developed over the years an in-house tool production that is highly automated, both for prototype tooling but also for high-volume tooling, able to make tools that are extremely large. On the picture here, you see a very big injection moulding tool, actually so big that a colleague can sit inside the tool while building it. On another picture here, you can see one of the tooling machines, and it actually operates 24/7. There is a robot that is feeding the milling machines, creating parts for the tools. The tools are produced both in Denmark and in India and is also based on a digital platform where a big team is doing the design and development, programming of the machines, and verification of the programming.
That is all done by an engineering team sitting in Bangalore in India that is also providing production support for the teams in Denmark. Idé-Pro has several locations. The biggest plant is the plant in Skive, around 16,000 sq m with 130 employees. Here, there is tool production, plastic production, light metal production, and there's also the EPS and EPP foundries, measuring lab, and warehouse. Some years ago, Idé-Pro acquired another facility in Glyngøre, around 25 km from Skive, where we today have 70 employees focusing on producing very large plastic parts. The Glyngøre facility is also the place where Idé-Pro started up compounding of raw materials because they have had a focus on being able to use much more recycled material in the plastic production, especially of the large parts. Therefore, they have established a plastic compounding facility in that factory as well.
The sales teams are placed in Denmark, in Gothenburg in Sweden, and also in Germany and in Austria. Finally, there is a very good team sitting in Bangalore in India, with 5,000 sq m and a good place where we can expand the facilities. In India, there is a smaller tool production, and there's also injection moulding machines to test the tools before they are shipped to Denmark. When it comes to the customers, it is a very wide range of customers within many different sectors. You could say if you compare to what we have in SP Group today, it is spread very evenly around the sectors outside healthcare. It is in cleantech, it is in foodtech, and it will be a number of customers that will be in our category called others.
The customers are mainly in Europe, and the typical profile for the customers is they need prototypes before serial production, or they have serial production in reasonably low quantity. The transaction itself was based on an enterprise value of DKK 700 million with a lockbox of 30th of June, 2025. The transaction is fully paid now and is debt financed. Signing and closing took place simultaneously last Wednesday, and this will give no change to our 2025 guidance. However, the transaction cost will have an impact on our result this year. We expect that there will be synergies out of this transaction.
One of the things that we are really happy about, because I'll get back to that a little later, but we expect synergies in the range of 20 million-25 million DKK annually, which we believe we can realize at that level within the first two years. We also expect that we will see an increase in our revenue with 450 million-500 million DKK for the 2026 revenue. We will have an impact on EBITDA with 105 million-120 million DKK, including the synergies. We will, as usual, come with our full guidance for next year together with our annual report, which we will publish on March 25 next year. One of the questions I already have had is that, "Will you continue your share buyback?" Here I can say, "Yes, we will continue our share buyback as planned.
We do not see any reason to change this. Coming back to the synergies, which I think is very important for this case and why we are really, really happy about it. Like in all the other transactions that we have done in SP Group, we have focused a lot on cross-selling, and cross-selling has helped us in all the cases. There have been great opportunities. Here, it is also a good case because Idé-Pro is operating free technologies that we do not do today in SP Group. And I'm very, very happy to see the reaction already yesterday from SP Group customers to the SP Group teams. We were actually yesterday already sending the first RFQs from SP Group customers into Idé-Pro, asking for prototypes on very interesting projects that we would not have been able to do in the same way. So first day, already the first day.
However, I think the area where we will have the biggest impact fastest will be the in-house tool production. Idé-Pro is having a very strong tool production and actually are making more tools than we do in SP Group on an annual basis, and therefore, they have the competencies and the know-how and the equipment to make more tools. Of course, in the near future, we would need to invest in the tool production, but we are not starting from scratch. Over the years, I believe we can move a lot of our tool production in-house, making us more flexible, making us more competitive, then we will have a new platform in India, and this we will use both as a place where we can do more administrative work in the future, but also expand our possibilities in India.
SP Group has been expanding sales in Asia, especially in India, in the recent years. The possibility now to have our own team already working in India, and it's a team that has been there for many years. Morten started Idé-Pro India in 2004, getting the first employees. We have a very good local managing director for the India team that I truly believe is able to also build it further and have other SP Group colleagues inside this facility. All in all, we see great benefit from the cross-selling across the group, the in-house tool production, and a new platform in India. Yes, we are very happy with this. Now I see there are already some questions here. This is Philip from HC Andersen asking to the synergies. Thank you, Philip. You asked on how they are shared.
I believe that we will see the biggest synergies from the in-house tool production and the new platform in India in the beginning. But when we get started, there will be huge cross-selling opportunities. And I'm actually surprised on how many reactions we already have seen yesterday where customers are asking for the possibilities to help with different types of projects. It has been both prototypes, but also EPP products, which is interesting. Cost savings on the mold. We have a question here on the tool production. It is clear that when we move tool production inside, there will be cost savings. The main possibility for tool production or the main opportunities is, first and foremost, we can make them much faster. It will be much more easy to do change. And of course, we will see some of the earnings that are today at suppliers.
We can have that as an in-house. This, of course, is not something we just built very fast in the first two years. I think this will be something that will be going on for coming years because with the amount of tools that we are actually buying, it is not something that we just do in one year to take that in-house. We have a good question here on the price of this acquisition. It is true that we have previously been buying companies at multiple of five enterprise value divided with EBITDA. The acquisition here of Idé-Pro is somewhat more expensive. First and foremost, this is also a bigger company, a very well-run company. It is to be seen as a very strategic acquisition. We have had Idé-Pro on our target list for many years.
Personally, I have always had a very good eye to Idé-Pro due to the technological performance and the ability to make money. And of course, having Blue Equity as one of the owners, it is clear it is not something you get with a big company. You get with a big discount. But on the other hand, when looking at all the possibilities that we get with Idé-Pro, I actually believe the price is fair. I also, on the same time, would say that it is hard to imagine that we would pay the same price for, you could say, a traditional sub-supplier not having the competencies and the capabilities that we have in Idé-Pro. So I do think we are in the high range of what we are able to pay for a company here, and I don't have any idea that we could get into this level again.
Then we have a good question here on visibility. Will it be easier or harder for you to forecast? I would say to forecast revenue. I would say there will not be any changes here. One of the things that have affected us this year is large projects within our own products that have been postponed during the summer, and that has impacted us this year. And this is not related to the production in Idé-Pro. Idé-Pro is a sub-supplier, but still they are doing projects with prototyping, but to a wide range of customers. So you could say, yes, perhaps a little bit better visibility. But I think, as usual, in SP Group, with the things that we do, all the niches that we are in, we would still, unfortunately, could see one or two quarters that are not as we expect.
But the overall trend should be positive also going forward. What we have seen this year with two quarters being rather poor, especially our second quarter, is something that is really, really annoying. But we have also been confident through the period that we would see the orders coming back. It is not something that was canceled. It was merely just postponed. And we got the order book back in the end of quarter three and are busy now in quarter four. Yes. Then we have a good question here about the Idé-Pro business and the prototypes. One of the key things with Idé-Pro is that they have been focused on prototypes. SP Group has, to a very large extent, been focused on serial production. We have done a little bit of prototyping in the company DAVINCI with our 3D printing.
But being able to test your prototypes or just do a test production of products, then you have to make the real product in the real material, no matter if you're building something for defense, if you're building something for clean tech, if you're building something for automotive. Being able to test your product in the right material, in the right design, is a very strong capability. And that is what Idé-Pro has been helping their customers with. What we are able to now with Idé-Pro and the companies within SP Group is that there is a platform to offer the serial production after the prototyping, or giving Idé-Pro the possibility to send the customer after testing phase into, for example, into SP Moulding so that they can do the serial production afterwards.
This is, of course, one of the other aspects of the cross-selling that we will work with going forward. That is where we can see we can help Idé-Pro customers into SP Group companies. Then I think time is almost up, and we have been through most of the questions. Thank you all for listening in this morning. It has been a privilege to tell you a bit more about Idé-Pro. As I said in the beginning, if any of you are sitting back with more questions or want to have more in-depth information and understanding of what we are doing, feel free to reach out, and we will, of course, come back to you. Thank you.