Grundfos has come a long way since it was started in Denmark 1945, and it is now one of the biggest pump manufacturers in the world!
Today, the Danish pump manufacturer employs more than 17,500 people throughout the world and makes more than 11 million pumps and parts a year. It also makes electronic motors and other parts for pumps and other systems.
It is a great achievement for the company, which was started by Poul Due Jensen in Bjerringbro in 1945 in a small factory.
The company was initially called Bjerringbro Die-Casting and Machine Factory, and after several name changes, it settled on its current name, Grundfos Pumps. The Jensen family still have a stake in the company and own about 13% of the shares in Grundfos AG. The Poul Due Jensen Foundation was set up in 1975 and today holds about 85% of shares. The staff own about 3%. The aim of the foundation is to strengthen and improve Grundfos pumps, with the profits being reinvested into the company.
Many companies are represented by the Grundfos Group, and its products are sold by distributors in more than 40 countries around the world, including the highly competitive market in China.
Hilge, a producer for pumps in sterilised applications, was integrated into the Grundfos Group in 2006.
The following year, Grundfos bought the United States manufacturer, the Peerless Pump Company, which is its biggest acquisition to date. The US firm has more than 375 employees and yearly sales of $110 million USD.
Grundfos Pumps continue to be at the centre of innovation and design, as the company places great importance on research and development. In 1985 Grundfos set up its own electronics manufacturing unit, and in 1991 Grundfos Electronics was introduced to the public.
Grundfos pumps are renowned throughout the world, with the circular pump being used in air conditioning, ventilation and heating in hotels, office buildings and homes. Grundfos also provides different types of pumps for industrial, municipal and private use.