Danfoss Energy Options has entered into an settlement to accumulate Hydro Holding, a producer of hose fittings headquartered in Castello d’Argile, Italy.
Hydro Holding will develop into a part of Danfoss Energy Options’ Fluid Conveyance division, a world producer of hoses and fittings with manufacturers comparable to Aeroquip, Weatherhead, Hansen and Waltech.
The acquisition helps the division’s focus to speed up worthwhile development according to Danfoss’ LEAP 2030 technique.
“Bringing Hydro Holding into the Danfoss Fluid Conveyance enterprise is an ideal match for each organisations.We are going to create a hose and becoming powerhouse in Europe, and collectively, we will understand synergies, develop market share, and meet the wants of our clients with revolutionary options and a broader product vary,” says Daniel Winter, president, Danfoss Energy Options.
“Becoming a member of Danfoss Energy Options marks an vital milestone for Hydro Holding and for our complete group. We share the identical values of buyer focus, high quality, and innovation, and I’m assured that collectively we’ll strengthen our presence within the European market. Our fittings portfolio completely enhances Danfoss’ hoses providing, creating robust industrial and manufacturing synergies that can allow us to ship even larger worth to our clients,“ provides Stefano Bordegnoni, CEO, Hydro Holding.
Hydro Holding provides a variety of merchandise together with carbon and stainless-steel fittings and adapters, hose assemblies and shaped metal tubing. Its merchandise are used within the materials dealing with, oil and gasoline, agriculture, marine, building, mining and chemical sectors. T
he firm has a robust presence in Europe with 4 places in Italy, one within the Czech Republic, and a gross sales workplace within the UK. Its annual turnover is EUR 60 million with a group of 350 staff.
Hydro Holding is the results of a buildup technique that began in 2015 with the acquisition of two unbiased Italian hose fittings producers, Tieffe and FB Hydraulic, and continued in 2017 with the combination of Raccorfer, a chilly forming metal producer, and MCS Hydraulics, a producer of stainless-steel fittings.
Danfoss Energy Options’ Fluid Conveyance division manufactures hoses and fittings for quite a lot of gear and purposes, together with automobiles, plane, mining, meals and beverage, and cell and industrial gear. Product ranges embrace hydraulic hose and fittings, engine and air con hose and fittings, industrial hose and fittings, thermoplastic hose and fittings, connectors and quick-disconnect couplings, and hose machines, instruments, and equipment. Its merchandise are manufactured below the model names Aeroquip, Weatherhead, Winner, Boston, Synflex, and SEL. The Fluid Conveyance division’s annual gross sales reached EUR 1.2 billion in 2024, and it has roughly 5,300 staff.
“We’re actually wanting ahead to welcoming Hydro Holding’s devoted group members to Danfoss. Hydro Holding will develop into a enterprise unit inside our Fluid Conveyance division, taking part in a key position in boosting our development in Europe. Our first precedence is to maintain working the profitable enterprise that Hydro Holding is right now — persevering with to serve each Hydro Holding and Danfoss clients with the best high quality and reliability. By combining the robust market place of Hydro Holding’s fittings enterprise with Danfoss’ hose portfolio, we will provide much more built-in and differentiated options to our European clients,” says Domenico Traverso, president, Fluid Conveyance, Danfoss Energy Options.
Picture: Danfoss Energy Options
