Fortune 500 company:  

Denmark is a perfect market

2011.09.05

A high level of knowledge and expertise makes Denmark a goldmine for industry manufacturers, says the CEO of SPX Corp, a multi-industry manufacturing leader and one of America’s 500 largest companies.

Denmark has some of the world’s best engineers, talents and ideas. Those are the reasons why SPX Corp, a Fortune 500 multi-industry manufacturing leader, has chosen to invest in Denmark, said CEO Christopher Kearney in a recent interview with the Danish daily Jyllands-Posten.

Based in Charlotte, North Carolina, SPX Corp took its first step into Denmark in 2007 by making an acquisition of the company APV, and later in 2010 acquisitions of two additional companies, Gerstenberg Schröder and Anhydro.

- By making acquisitions of three very strong companies, Denmark has proven to be the perfect market for us to enter, said Christopher Kearney.

Denmark has some of the best engineers in the world

Christopher Kearney was in Denmark  to visit the company’s latest investment in the country, a new innovation and test center in Søborg just outside Copenhagen.

- Denmark has some of the best engineers in the world, and you will find many of the best ideas here. The talent pool in Denmark was very attractive, and we felt that by making acquisitions of the three companies, we were able to create a global platform allowing the pool of talent to unfold. And in very short time this has proven correct, said Christoher Kearney. 

SPX is still looking for ways to further expand its business in Denmark, said Stephen Kearney:

- We have experienced a consistently positive development here, which is why our presence will also grow in the future. Denmark has become the center, not only for our European markets, but also globally.

Facts about SPX Corp

SPX Corp has nearly US$ 5 billion in annual revenue, operates in more than 35 countries and is on Fortune 500, a list of the 500 largest companies in America. 

The company's highly-specialized, engineered products and technologies serve customers in three primary strategic growth markets: infrastructure, process equipment and diagnostic tools.

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