Hydro Holding Spa is set to become part of Danfoss Power Solutions’ Fluid Conveyance division, following a new agreement. This acquisition aligns with Danfoss’ strategic LEAP 2030 initiative, aiming to accelerate profitable growth. Hydro Holding’s integration will enhance Danfoss’ hose fittings portfolio, positioning it as a leading player in Europe.
The Fluid Conveyance division is a renowned global manufacturer of hoses and fittings, with established brands including Aeroquip, Weatherhead, Hansen, and Waltech. Daniel Winter, President of Danfoss Power Solutions, stated, “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 realise synergies, expand market share, and meet the needs of our customers with innovative solutions and a broader product range.”
Stefano Bordegnoni, CEO of Hydro Holding, remarked, “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.”
Hydro Holding offers a suite of high-quality products, including carbon and stainless steel fittings and adapters, hose assemblies, and formed steel tubing, serving industries such as material handling, oil and gas, agriculture, marine, construction, mining, and chemicals.
Danfoss Power Solutions’ Fluid Conveyance division manufactures hoses and fittings for a wide range of equipment and applications, encompassing vehicles, aircraft, mining, food and beverage, and mobile and industrial equipment. Its product lines include hydraulic, engine, air conditioning, and industrial hose and fittings, as well as connectors, quick-disconnect couplings, hose machines, tools, and accessories. The division reported annual sales of EUR 1.2 billion in 2024 and employs approximately 5,300 people.
The acquisition is subject to necessary approvals by relevant agencies, such as competition authorities, and is expected to be completed by the end of the year.
For further information, visit Danfoss Power Solutions at Danfoss Power Solutions.
