
May 2026
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![]() | Novonesis was formed in 2024 through the merger of Novozymes and Chr. Hansen. Following the merger, the company became the world leader in industrial enzymes and microbial solutions, with a nearly 50% market share in both. The firm supplies a wide range of industry groups: household care, food and beverages, bioenergy, agriculture and feed, technical and pharmaceuticals. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark, employs around 10,000 people, and works across more than 30 research and development and application centers and 23 manufacturing sites. | $59 | -17% | $27B | $31B | 6.3x | 16.9x | ||
![]() | SP Group AS is a Denmark-based company active in the plastics industry. It manufactures moulded plastic components and performs coatings on plastic and metal components. The Groupβs activities are primarily located in Denmark, the rest of Europe, the Americas, Asia, Australia and Africa. | $66 | +39% | $772M | $813M | 1.8x | 8.7x | ||
![]() | Flugger Group AS develops, produces, markets, and sells a wide range of building paints, wood stains, fillers, wallpapers, and accessories. | $54 | +5% | $162M | $235M | 0.7x | 5.5x | ||
![]() | Hove AS develops, produces, and supplies lubrication solutions for mechanical bearings in the wind turbine industry. Its solutions are Hove Smart Lube, Hove Carry, Lubrication Solutions, and Beinlich Pumps. | $1 | +83% | $23M | $23M | 0.7x | 7.0x | ||
| Median | $57 | +22% | $467M | $524M | 1.2x | 7.8x |
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