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 turn out to be a part of Danfoss Energy Options’ Fluid Conveyance division, a worldwide producer of hoses and fittings with manufacturers resembling 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’ll create a hose and becoming powerhouse in Europe, and collectively, we can understand synergies, develop market share, and meet the wants of our prospects with revolutionary options and a broader product vary,” says Daniel Winter, president, Danfoss Energy Options.
“Becoming a member of Danfoss Energy Options marks an necessary milestone for Hydro Holding and for our complete staff. We share the identical values of buyer focus, high quality, and innovation, and I’m assured that collectively we are going to strengthen our presence within the European market. Our fittings portfolio completely enhances Danfoss’ hoses providing, creating sturdy industrial and manufacturing synergies that may allow us to ship even better worth to our prospects,“ provides Stefano Bordegnoni, CEO, Hydro Holding.
Hydro Holding presents a spread of merchandise together with carbon and stainless-steel fittings and adapters, hose assemblies and fashioned metal tubing. Its merchandise are used within the materials dealing with, oil and fuel, agriculture, marine, building, mining and chemical sectors. T
he firm has a powerful presence in Europe with 4 areas in Italy, one within the Czech Republic, and a gross sales workplace within the UK. Its annual turnover is EUR 60 million with a staff 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 a wide range of tools and purposes, together with autos, plane, mining, meals and beverage, and cellular and industrial tools. 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 beneath 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 trying ahead to welcoming Hydro Holding’s devoted staff members to Danfoss. Hydro Holding will turn out to be a enterprise unit inside our Fluid Conveyance division, enjoying a key position in boosting our development in Europe. Our first precedence is to maintain operating the profitable enterprise that Hydro Holding is immediately — persevering with to serve each Hydro Holding and Danfoss prospects with the very best high quality and reliability. By combining the sturdy market place of Hydro Holding’s fittings enterprise with Danfoss’ hose portfolio, we can supply much more built-in and differentiated options to our European prospects,” says Domenico Traverso, president, Fluid Conveyance, Danfoss Energy Options.
Picture: Danfoss Energy Options
