Harman Patil (Editor)

Danfoss

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Type
  
Private

Number of employees
  
25,200 (2016)

Headquarters
  
Nordborg, Denmark

Founded
  
1933, Nordborg, Denmark

Net income
  
2.357 billion DKK (2012)

Key people
  
Niels B. Christiansen

Website
  
Danfoss.com

Founder
  
Mads Clausen

Motto
  
Engineering Tomorrow

Danfoss httpslh3googleusercontentcomTkhrRGhbag4AAA

Industry
  
Fluid control equipment, pump, seal, valve manufacturing, climate & energy

Products
  
Refrigeration, air conditioning, the control of electric motors, the heating of buildings, solutions for renewable energy such as solar power and heat pumps

CEO
  
Niels B. Christiansen (1 Oct 2008–)

Profiles

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The Danfoss Group is a global producer of products and services used in areas such as cooling food, air conditioning, heating buildings, controlling electric motors, Compressors, Drives and powering mobile machinery. The company is also active in the field of solar and wind power as well as district heating and cooling infrastructure that targets entire cities and urban communities. Danfoss employs approximately 24,000 people worldwide with its headquarters in Nordborg, Denmark.

Contents

Danfoss was founded in 1933 by Mads Clausen, and is today almost entirely owned by The Bitten and Mads Clausen Foundation. In 2002 Danfoss joined the United Nations Global Compact, consisting of nine principles with social and environmental responsibility.

Danfoss has an annual sales turnover of 34 billion DKK (2012), and has sales companies in 47 countries and 56 factories in 18 countries around the world.

Their distribution network for solar inverters covers 82 distributors and wholesalers across 27 different countries.

Danfoss engineering tomorrow


Company History

  • Danfoss founder Mads Clausen was born in 1905 on a farm in the southern part of Denmark, near the German border. In 1933, after graduating in engineering, he returned to his birthplace and started up a company in the attic of his parent’s farm house.
  • In the 1930s, helped by high customs barriers and import bans on certain products, Clausen was successful in producing and selling a long list of automatic valves for refrigeration plants, which had previously been imported from the United States.
  • In the 1940s an expansion of the factory was completed and Danfoss agents were set up in Belgium, Norway, Finland, Spain, Sweden, the Netherlands and England.
  • In the 1950s piecework was introduced at the factory and the number of employees rose above 2,000.
  • In 1966 Mads Clausen died of a heart attack at the age of 60. His widow, Bitten Clausen, continued to lead the company as Chairman of the Board with Andreas Jepsen as President and CEO.
  • In 1983 Danfoss celebrated its 50th anniversary and the 1,000th employee to reach 25 years of service.
  • In 1996 Jørgen M. Clausen, son of Mads Clausen, was appointed President and CEO of the Danfoss Group.
  • In 1997 sales exceeded €2,200 million and the number of employees reached 18,200.
  • In 2000 Danfoss’s business segment Mobile Hydraulics merged with the German company Sauer, Inc. to form Sauer-Danfoss. Jørgen M. Clausen became Chairman of this company. Danfoss currently owns 55.4% of the stock, which is traded on New York Stock Exchange.
  • In 2007 the Danfoss group expanded its facilities in Denmark, Canada, China, United States, Romania, Poland and France  with about 130,000 sq m of production, warehouse and office facilities.
  • In 2008 Danfoss celebrated its 75th anniversary and the 40th anniversary of the VLT frequency converter. Jørgen M. Clausen retired as CEO at his 60th birthday. Niels B. Christiansen became the new CEO.
  • In 2010 Munich-based industrial holding company Aurelius AG acquired Danfoss Compressors GmbH from the Danfoss Group, Denmark. The agreement to take over the Danfoss Compressors business was signed in July 2010. In connection with the new ownership Danfoss Compressors has changed its name to Secop GmbH.

    • Executive leadership

  • Niels B. Christiansen, President and Chief Executive Officer

    • References

    Danfoss Wikipedia
    (Text) CC BY-SA