Under a new agreement, Hydro Holding Spa will become part of Danfoss Power Solutions’ Fluid Conveyance division, led by Domenico Traverso.
The Fluid Conveyance division is a leading global manufacturer of hoses and fittings with renowned brands, such as Aeroquip, Weatherhead, Hansen, and Waltech. The acquisition supports the division’s strategic focus to accelerate profitable growth in line with Danfoss’ LEAP 2030 strategy. Hydro Holding will strengthen Danfoss’ hose fittings portfolio and enable the company to become a leading player in Europe.
“Bringing Hydro Holding into the Danfoss Fluid Conveyance business is a perfect fit for both organizations. We will create a hose and fitting powerhouse in Europe, and together, we will be able to realize synergies, expand market share, and meet the needs of our customers with innovative solutions and a broader product range,” said Daniel Winter, President, Danfoss Power Solutions.
“Joining Danfoss Power Solutions marks an important milestone for Hydro Holding and for our entire team. We share the same values of customer focus, quality, and innovation, and I am confident that together we will strengthen our presence in the European market. Our fittings portfolio perfectly complements Danfoss’ hoses offering, creating strong commercial and manufacturing synergies that will enable us to deliver even greater value to our customers,“ said Stefano Bordegnoni, CEO, Hydro Holding.
Hydro Holding offers a range of high-quality products, including carbon and stainless steel fittings and adapters, hose assemblies, and formed steel tubing. Its products are used in the material handling, oil and gas, agriculture, marine, construction, mining, and chemical sectors.
Danfoss Power Solutions’ Fluid Conveyance division manufactures hoses and fittings for a variety of equipment and applications, including vehicles, aircraft, mining, food and beverage, and mobile and industrial equipment. Product ranges include hydraulic hose and fittings, engine and air conditioning hose and fittings, industrial hose and fittings, thermoplastic hose and fittings, connectors and quick-disconnect couplings, and hose machines, tools, and accessories. Its products are manufactured under the brand names Aeroquip, Weatherhead, Winner, Boston, Synflex, and SEL. The Fluid Conveyance division’s annual sales reached EUR 1.2 billion in 2024, and it has approximately 5,300 employees.
The acquisition is subject to necessary approvals by relevant agencies, such as competition authorities. It is expected to be fully completed by the end of the year.
For more information: https://www.danfoss.com/en-gb/about-danfoss/our-businesses/power-solutions/
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