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Grundfos company history timeline

1949

The first export was a reality in 1949 and the importing country was Norway.

1953

Other countries soon followed and the first foreign exhibition was thus in Sweden in 1953.

1957

Boosting the company's reputation on a national level was the introduction of a new ejector pump system, the CPE-3, launched in 1957.

1960

Grundfos began its international expansion as early as 1960, when the company founded a subsidiary in Germany.

1962

In 1962, it was decided to establish a night school for the employees as expansion and global trade became more and more relevant.

The education of Grundfos employees began in 1962 with the introduction of a night school, and has developed over the years.

1967

By 1967, when they were renamed Grundfos, they had been through numerous name changes.

Jensen formally changed the name of his company to Grundfos in 1967.

1968

In 1968, Grundfos was the first private company in Denmark to open a sheltered workshop for employees with special needs.

1971

The company also continued its record of innovation, launching a new generation of centrifugal pumps, starting in 1971 with the CR30, which featured an inline design, allowing greater flexibility in the installation of pumping systems.

1978

Niels Due Jensen succeded as head of management in 1978.

1980

Grundfos started to investigate the possibilities of a solar driven pump around 1980 and when UNDP launched a solar pump system competition in 1980, the work really took off.

1982

Grundfos introduced their solar driven pump system to the world in 1982 and won the UNDP competition.

1983

In 1983, however, Grundfos solved this problem, developing an electronic-based inverter.

1984

In 1984, for example, the company entered the wastewater treatment market, debuting its KP drainage pump.

1989

In 1989, Grundfos A/S, as the first pump manufacturer in the world, was certified according to the quality standard ISO 9001.

1990

The X99, as the model was called, was launched in 1990, setting a new industry standard.

1991

The extensive research and development resulted in the launch of X99 in 1991.

During his career he was Chairman/Member of the Board in more than 25 Grundfos companies, and became a member of Group Management in 1991.

1992

The introduction of the JetSub in 1992 was revolutionary, as it was the first submersible pump with built-in electronics encapsulated in the motor.

1993

Grundfos continued to develop its frequency converter technology, leading to the development of the MGE pump motor launched in 1993.

1995

Grundfos introduced the remote control R100 in 1995, which allowed electronic pumps to be configured, diagnosed and serviced using a remote handheld device.

1997

He Joined Grundfos in 1997 as Director of International Production.

1999

In 1999, the company launched the Grundfos Magna, a circulator pump with a permanent magnet motor.

2000

The company entered the market for large-scale wastewater pumps in 2000, after buying up Finland's Sarlin Pump Co.

2001

Further development of the Magna added automatic speed control by 2001.

2002

Also in 2002, Grundfos bought up a 60 percent share in its main rival in South Korea, Chung Suk.

The company added to its electronics capability through the purchase of engineering software specialist Dansteel Engineering India, a subsidiary of Dansteel Engineering, in 2002.

In 2002, the company announced plans to spend more than $12 million in order to build a factory in Moscow to cater to fast-growing sales there.

In 2002, Grundfos NoNOx A/S started development of a dosing pump for SCR (Selective Catalytic Reduction), for heavy-duty diesel engines.

2004

By 2004, Grundfos's stature in the market approached a leadership position as it took over Hilge, based in Germany, which specialized in producing pumps for the dairy, food, and pharmaceuticals industries.

2005

"Grundfos Acquires Alldos," PACE (Process & Control Engineering), January 20, 2005.

In 2005, Grundfos reported sales of nearly DKK 13.5 billion ($2.1 billion).

The company added to its capacity in Italy in 2005, buying Tesla, a maker of submersible motors.

2006

"Denmark's Grundfos to Invest EUR 70 mln in New Plant, Expansion in Hungary," Hungary Business News, April 4, 2006.

In 2006, the company's plans bore fruit, as Grundfos announced its intention to spend EUR 70 million to build a new factory in Szekesfehervar as well as expand its existing production facility in Hungary.

The NoNOx system represented the first step for Grundfos in the automotive segment and it was launched in Europe in 2006 for Cummins Euro 4 applications.

Hilge, a producer for pumps in sterilised applications, was integrated into the Grundfos Group in 2006.

2007

Grundfos Biobooster was introduced in 2007 as a decentralized wastewater treatment system.

2008

In 2008, Grundfos introduced the Innovation Intent which focuses on the long-term innovation efforts.

2009

The first system was established in Kenya in 2009.

2022

"Grundfos Group ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/grundfos-group

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Founded
1949
Company founded
Headquarters
Olathe, KS
Company headquarter
Founders
Poul Due Jensen Foundation
Company founders
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Grundfos competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Peerless Pump1945$208.1M183-
A.W. Chesterton-$280.0M1,00010
Presstek1987$10.0M10-
Transitions Optical1990$107.0M320-
Littelfuse1927$2.2B12,00026
Fluke1948$6.2B2,525-
Ormco1960$30.0M599-
Union Carbide1917$4.4B3,800-
Stratasys1989$155.9M2,60066
Interconnect Devices, Inc.1979$27.0M750-

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Grundfos may also be known as or be related to Grundfos, Grundfos Pumps Corp and Grundfos Pumps Corporation.