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5.17 Grundfos Propietario Peerles
5.17 Grundfos Propietario Peerles
NIT 900.561.151-5
Km. 1.5 vía Siberia, Cota,
Conjunto Potrero Chicó
Parque Industrial Arcos de Cota, Bodega A1.
www.grundfos.com
With more than 400 employees and annual sales of USD 110 million, Peerless is Grundfos’ largest acquisition to date.
Grundfos continues its aggressive growth strategy in North America.
Today, Grundfos’ sales in North America are USD 300m. The US pump market alone is estimated to be USD 6bn, so
the business potential for Grundfos is huge. With the latest acquisition, Grundfos expects to double sales within a four
year period reaching USD 600m.
Søren Ø. Sørensen, Group Executive Vice President and Chairman of the Board of Grundfos in North America, says:
“Grundfos has had a presence in the US market since 1973 and over the last three years we have made a series of
major investments in North America to accelerate our growth. With the acquisition of Peerless we extend our product
range as well as our US sales organization significantly. We expect a lot from this deal and see great potential for
globalization especially of the Peerless fire protection systems.”
Peerless’ products are high-end and the company is considered one of the two most recognized water pump brands in
the U.S. according to a 2007 survey conducted by the US based Pumps and Systems Magazine. All members of the
“Fortune 10” have purchased pumps from Peerless.
Mr. Douglas will continue in his present position as President and CEO of Peerless with reference to the Grundfos
Group’s new Regional Managing Director, Jes Munk Hansen.
In 2004, the Grundfos Group announced its strategy for North America. Since then the Group has made a number of
strategic investments on the continent:
Grundfos Colombia S.A.S.
NIT 900.561.151-5
Km. 1.5 vía Siberia, Cota,
Conjunto Potrero Chicó
Parque Industrial Arcos de Cota, Bodega A1.
www.grundfos.com
Over this period of time, employment has increased from 530 to more than 1,200 and sales have grown from USD
144m to 410m including the Peerless acquisition.
Contact
For comments please contact
Group Executive Vice President, Søren Ø. Sørensen
Phone: (+45) 20 30 42 56
E-mail: soesoerensen@grundfos.com