Manufacturing Today Issue - 215 August 2023 | Page 137

_________________________________________________________________________________________________________ Grundfos
“ The business was founded back in 1945 by Poul Due Jensen , who had a very entrepreneurial spirit and sought to create a solution for farmers who needed pumps to release and retrieve water for their cattle ,” Bent opens . “ Grundfos began by developing water pump solutions , predominantly for utilities in domestic and commercial buildings .
“ Today , we employ around 20,000 people and have a revenue of around 33 billion Danish kroner , equivalent to just under five billion US dollars . Within the commercial sector , we turn over around $ 1.2 billion from waterborne systems in commercial buildings . While our main product is water pumps , which are used for heating , cooling , water boosting , and wastewater removal , we ’ re constantly growing and exploring new opportunities .
“ We ’ ve recently restructured the business and created four distinct divisions : commercial building services , domestic building services , industry , and water utility ,” Bent tells us . “ We
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