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Danfoss CEO: We're going full steam ahead

The Danish manufacturing major boosted both revenue and the bottom line in 2017, yet expectations for this year remain high. With a stuffed wallet, the firm is looking to invest in R&D and acquisitions, and Danfoss eyes strong potential in electrification.

Kim Fausing, CEO, Danfoss | Photo: PR Danfoss

Danfoss presented a solid result for 2017 with growth across the board, but the Danish firm does not plan on stopping there. Instead, the company is looking to the future, and the relatively new man at the helm CEO Kim Fausing declares that Danfoss is moving full steam ahead.

"Overall, we're excited about the strong result in 2017. But what pleases us the most about this situation is that we have never invested as much in the future as we did in 2017. And we're especially focused on the major changes happening right now around the world, both in tech and digitalization, but just as much in electrification in general, which is very relevant to Danfoss," says Fausing, who took the reins at CEO on July 1 2017.

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