Danfoss Power Solutions to acquire Hydro Holding

Hydro Holding 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 realise 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. The company has a strong presence in Europe with four locations in Italy, one in the Czech Republic, and a sales office in the UK. Its annual turnover is EUR 60 million, and it has a highly experienced and knowledgeable team of 350 employees.

Hydro Holding is the result of a buildup strategy that started in 2015 with the acquisition of two leading independent Italian hose fittings producers, Tieffe and FB Hydraulic, and continued in 2017 with the integration of Raccorfer, a cold forming steel producer, and MCS Hydraulics, a manufacturer of stainless steel fittings.

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.

"We are truly looking forward to welcoming Hydro Holding's dedicated team members to Danfoss. Hydro Holding will become a business unit within our Fluid Conveyance division, playing a key role in boosting our growth in Europe. Our first priority is to keep running the successful business that Hydro Holding is today - continuing to serve both Hydro Holding and Danfoss customers with the highest quality and reliability. By combining the strong market position of Hydro Holding's fittings business with Danfoss' hose portfolio, we will be able to offer even more integrated and differentiated solutions to our European customers," said Domenico Traverso, President, Fluid Conveyance, Danfoss Power Solutions.