Grundfos is a Danish pump manufacturer founded in 1945. It has 17,500 employees worldwide and annual revenue of $3 billion in 2008. The company has a global presence with 46 sales companies and 14 production companies across Europe, the Americas, Africa, Asia, and Oceania. Grundfos invests $150 million annually in research and development to improve pump efficiency, quality, cost reduction, and system understanding.