The Grundfos BioBooster operations are to close following a series of unsuccessful attempts to refocus the business.
Grundfos says that the company has failed to make a profit since it started in 1999 despite strong technology and significant investments.
“We remain dedicated to pioneering solutions for water-related challenges, which is reflected in water solutions being central to our 2025 strategy. However, following a strategic assessment, we have regrettably concluded that a continuation of BioBooster activities would not be feasible. The decision is being made now to prevent further losses and give employees and customers clarity,” said Poul Due Jensen, Grundfos Group executive vice president, CSO.
“Project-oriented businesses like Grundfos BioBooster have an uncertain nature. Winning orders can take years and investments must be made continuously and evaluated in the long term. Patience has been required, and we believe we have given various possible routes a fair chance over the years. Further attempts to turn the business around have been investigated but deemed unfeasible,” said Tommy Due Høy, Grundfos Group vice president, Global Service & Solutions.
Service on existing BioBooster wastewater treatment plants will continue as part of Grundfos DK Service.
