Denmark-based water pump manufacturer Grundfos broke ground April 16 on the site of its new North American headquarters in Downers Grove, Ill., a Chicago suburb. Grundfos North America is currently headquartered in Olathe, Kan. Illinois Governor Pat Quinn and Downers Grove Mayor Martin Tully joined Grundfos executives Søren Sørensen and Jes Munk Hansen in ceremoniously initiating construction on the office by knocking down a wall in the existing space.
“North America is one of our most important growth markets and is the world’s single largest market for pumps with a total market of $6.5 billion,” said Sørensen, Grundfos Group executive vice president and chairman of the Grundfos North American board. “To grow our share of this market, we will continue to invest in product development, local production and our workforce. We will grow our sales to $1 billion by 2017, and as a consequence of our growth, we anticipate adding a significant number of jobs in the United States.”