Danfoss Power Solutions said it has completed its acquisition of hose fittings manufacturer Hydro Holding Spa after receiving the required approvals. Danfoss said the deal adds fittings manufacturing operations in Italy and the Czech Republic, along with about 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,“ said Daniel Winter, president, Danfoss Power Solutions.
Hydro Holding manufactures hose fittings and is headquartered in Castello d’Argile, Italy. The company’s carbon steel and stainless steel fittings, adapters and hose assemblies complement the Danfoss portfolio of hoses and fittings, expanding the range of options available to customers of both companies.
“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,” said 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 named Hydro. Stefano Bordegnoni, CEO of Hydro Holding since May 2024, will lead the new business unit as Vice President, Hydro, reporting to Traverso.
Bordegnoni has experience in industrial manufacturing and engineering. Before joining Hydro Holding, he was managing director of the Healthcare Automation Division at Brooks Automation. He previously served as CEO at Inpeco and as senior vice president at Schneider Electric in Singapore. Bordegnoni holds a Ph.D. in mechanical engineering from the University of Genoa in Italy and has filed patents related to industrial automation.
“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 said. “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.”
Danfoss Power Solutions
danfoss.com
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