improve it or discuss these issues on the talk page . learn how and when to remove these template messages a major contributor to this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . august 2013 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . december 2012 learn how and when to remove this template message this article s tone or style may not reflect the encyclopedic tone used on wikipedia . see wikipedia s guide to writing better articles for suggestions . august 2013 learn how and when to remove this template message learn how and when to remove this template message danfoss a s type private industry fluid control equipment pump seal valve manufacturing climate & energy founded nordborg denmark headquarters nordborg denmark key people niels b. christiansen products refrigeration air conditioning the control of electric motors the heating of buildings solutions for renewable energy such as solar power and heat pumps net income dkk 2 357 million 2012 number of employees 24 000 2015 website danfoss.com 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 1 worldwide with its headquarters in nordborg denmark . 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 . 2 danfoss headquarters in nordborg denmark . cutaway model of danfoss first automatic valve their distribution network for solar inverters covers 82 distributors and wholesalers across 27 different countries . 3 contents 1 company history 2 executive leadership 3 references 4 external links company history edit 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 j rgen 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 . j rgen 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 . j rgen 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 . citation needed executive leadership edit niels b. christiansen president and chief executive officer references edit ftp software.danfoss.com global annual report uk 2012 annual report en.pdf ftp software.danfoss.com global annual report uk 2012 annual report en.pdf http www.enfsolar.com directory component 4797 danfoss solar inverters external links edit wikimedia commons has media related to danfoss . danfoss company website sauer danfoss company website danfoss universe science and experience park danfoss turbocor u.s. joint venture to manufacture oil free high efficiency compressors enf solar profile companies portal denmark portal retrieved from https en.wikipedia.org w index.php title danfoss & oldid 740041052 categories pump manufacturersmanufacturing companies of denmarkcompanies based in s nderborg municipalitycompanies established in 1933danish brandsmultinational companies headquartered in denmarkhidden categories wikipedia articles with possible conflicts of interest from august 2013articles with a promotional tone from december 2012all articles with a promotional tonewikipedia articles needing style editing from august 2013all articles needing style editingpages 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