PANAMA CITY, Fla. — The Jensen Group, which manufactures a wide range of industrial laundry equipment, experienced an 11.1% increase in revenue in 2016 compared to 2015, the company reports.
The company attributes the growth to its global presence and its continued customer focus on innovative product development.
At the 2016 Texcare International show in Frankfurt, Germany, Jensen says it launched a series of new products and solutions to increase the productivity and ecological efficiency in all sections of heavy-duty laundries. With Jensen, customers have one single local contact for the design, planning, installation and servicing of a total laundry, according to the company.
In addition to product development in single machines and systems, Jensen says it’s prepared for the Internet of Things (IoT) with the new product Globe. The integration of technology and software allows customers to monitor and track production in real time and use the acquired information to improve productivity.
Jensen says it continues to build a local presence in every market. In 2016, the company acquired the distribution activities of its long-standing Norwegian partner Sipano Norway and started a Sales and Service Center in Denmark.
Jensen’s offices in China, the United Arab Emirates and Japan have been expanded. A strong rebound in orders from the European home market, as well as a strong market in North America, led to the record revenue, according to the company.
2016 was also a year of important investments, Jensen says. The year began with an acquisition of a minority share in Turkish laundry equipment manufacturer Tolon. This participation enhanced Jensen’s market share for stand-alone washer-extractors and dryers within heavy-duty laundries, the company says.
In July, a second factory was inaugurated in Xuzhou/China, ensuring a wider product offering to the fast-growing Chinese market, Jensen says. A further investment was made in Denmark with a third factory that was put into operation in 2016 and that will support the company’s growth plans.
The year 2017 started with another investment: On Feb. 1, the Jensen Group acquired the activities of the German company Sykom. The activities will be continued and further developed by Jensen Components GmbH, a wholly-owned subsidiary of the Jensen Group that produces system components made of metal.
“In 2016, we invested in two new factories, two new distribution companies as well as a JV for software and a participation in Tolon. This has been done in a year with record turnover,” says Jesper Munch Jensen, CEO of the Jensen Group. “Our customer-centered strategy is paying off and we are determined to develop new products and services that will delight our customers.”
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