Danfoss is a Danish multinational company, based in Denmark, with more than 41,928 employees globally. Danfoss was founded in 1933 by engineer Mads Clausen.[1]
History
Beginning (1933–1966)
In 1933 Mads Clausen (1905–1966) founded Dansk Køleautomatik- og Apparatfabrik, later in 1946 the company name was changed to Danfoss. The first product was an expansion valve for refrigeration units, it was developed after studying imported valves from the US.[1]
In 1941, activities expanded to products for heating.[1] The thermostatic radiator valve was invented by Mads Clausen in 1943, later patented, and in 1952 promoted as an energy saving device.[2]