Danfoss Power Solutions has finalised its acquisition of hose fittings manufacturer Hydro Holding Spa, having received all necessary approvals.
With Hydro Holding on board, Danfoss gains a local fittings production base in Italy and the Czech Republic, as well as 350 employees.
“We’re pleased to welcome Hydro Holding employees to Danfoss Power Solutions. This talented team will help us accelerate growth and strengthen our global leadership in fluid conveyance. Together, we will deliver unmatched hose and fittings solutions to the European market,” says Daniel Winter, president, Danfoss Power Solutions.
Hydro Holding is a manufacturer of hose fittings headquartered in Castello d’Argile, Italy. The company’scarbon steel and stainless steel fittings, adapters, and hose assemblies complement and expand the Danfoss portfolio of hoses and fittings, providing customers of both companies with a broader range of options.
“With Hydro Holding joining Danfoss, we complete the foundation for our new European fittings platform. Hydro Holding gives us a strong and scalable base in Italy and the Czech Republic, strengthening our ability to serve OEMs and distributors with local production, competitive cost structures, and fast response times. The combination of our hose portfolio with Hydro Holding’s fittings expertise allows us to offer a complete, differentiated solution to Europe,” adds Domenico Traverso, president, fluid conveyance, Danfoss Power Solutions.
Hydro Holding will be integrated into Danfoss Power Solutions’ fluid conveyance division as a new business unit (BU) named Hydro. Stefano Bordegnoni, who has served as CEO of Hydro Holding since May 2024, will lead the newly formed business unit. Bordegnoni has been named vice president, Hydro, reporting to Traverso.
“This is an exciting day for the Hydro Holding team and myself. Together with Danfoss, we create a strong commercial offering that enables us to deliver even greater value to our customers,” Bordegnoni says. “The top priority for the Hydro BU and the Fluid Conveyance division is continuity for customers and distributors. We will continue operating the day-to-day business by maintaining our strong focus on serving customers, upholding our high quality standards, and delivering innovative solutions.”
Image: Danfoss Power Solutions
