Danfoss wins family business award

ITALY: Danish family business Danfoss has been awarded the top honour at this year’s CampdenFB European Families in Business Awards in Rome.

Fourth-generation members of the Clausen family at Danish manufacturer Danfoss, received  the award for top family business in the annual awards run by CampdenFB (formerly Families in Business) magazine.

The awards, which recognise European family businesses that excel in stewardship and governance, as well as revenue growth and profits, were presented at a gala dinner at St Regis Hotel in Rome last week.

Danfoss was founded in 1933 by Mads Clausen in his parents’ farmhouse in Nordborg, Denmark. Since then, the business has grown from a solo enterprise into one of the world’s leading suppliers of energy-efficient and innovative solutions, employing a staff of more than 22,000 and with sales in more than 100 countries.