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Grundfos: Powering a strong relationship

Samsung C&T and Grundfos recently expanded the scope of their joint efforts,
when the two signed a Global Partnership Agreement. This will make it easier
for the two
to collaborate globally.

Everyone in the room had their eye focused on the presentation. Mr. Seonghoon
Lee from Samsung C&T shared information from the Korean construction
company's future high profile projects around the world. Several connects to
new high-rises in mega-cities, others to iconic venues at classic events. All
are in Samsung C&T's scope, and the likelihood of them being equipped with
Grundfos pumps has risen because, the presentation continued to a workshop,
where a Global Partnership Agreement (GPA) between the two industry leaders
was signed. The agreement adds to an already well-established relationship,
which has seen the companies working together for some years.
"We are very pleased with this collaboration, which we believe benefits both
parties. The GPA is an important step and has a high impact on our business
relationship, as it makes it possible for Samsung C&T and Grundfos to handle
large, global projects together in a smooth way, benefitting from each
other's competencies," says Dr. Junghwan Moon, Senior Researcher at Samsung
An example of what comes with the GPA is collaborating closely in the early
project stages. This, for instance, makes it possible for Samsung C&T to
bring in Grundfos to contribute to design and engineer pump-related parts of
Samsung C&T construction project. Prior to the GPA, subcontractors dealt with
pumps and related solutions.

Acting together globally

The relationship between Samsung C&T and Grundfos took off back in 2011, where
a memorandum of understanding between the two companies was signed. Since
then, Building Services, Research&Technology and Global Customer Reach in
Grundfos have collaborated with various departments in Samsung C&T to create
tangible initiatives and collaboration models between the two groups, which
can create developmental and commercial advantages for both.
"Having such a close relationship with a company like Samsung C&T is of
extremely high value. It gives us the possibility of really understanding our
customer and their needs, and it enables us to use our strengths to add more
value to their large construction projects. With the GPA, we can take
advantage of the two companies' global presence and act consistently and
swiftly no matter where, the project is," says Monty Scott, International
Project Sales Manager at Grundfos.
He is part of the Global Customer Reach-team at Grundfos, and handles large
projects all over the world. With the GPA, he and his colleagues can look
forward to early involvement, thus making it more likely that the high-rises
of the future will be equipped with Samsung C&T's and Grundfos' joint
"We at Samsung C&T want to give our customers the best solutions in the world.
The same goes for Grundfos. This is one reason why our collaboration works
well," concludes Dr. Junghwan Moon.

Further information:

Frank B. Winther
Communication Manager, Grundfos Group Communications
M: +45 21 99 62 40



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Grundfos via Globenewswire


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