EnergyWatch

Grundfos takes big hit on US battlefield

Danish manufacturing group Grundfos was resurrected on the global market in 2017, but ran into growth trouble in the US where several competitors are surging. "Of course we're not satisfied," says CEO Mads Nipper.

Photo: Valdemar Jørgensen

While Danish pump manufacturing group Grundfos restarted its growth engine last year, particularly in Asia and the Middle East, the Grundfos machine is having serious trouble getting back into gear on the key US market.

Grundfos grew 5.3 percent last year on the global market, but major US customers took market shares in their home court, while Grundfos virtually stood still in the US with growth of 1 percent. Sales for Grundfos in the US declined 6 percent in 2016.

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