Danfoss to Acquire Hose Fittings Maker

Danfoss Power Solutions will acquire Hydro Holding Spa, a manufacturer of hose fittings headquartered in Castello d’Argile, Italy.

Read today’s top news.

Hydro Holding will become part of Danfoss Power Solutions’ Fluid Conveyance division, manufacturer of hoses and fittings branded as Aeroquip, Weatherhead, Hansen, and Waltech. Hydro Holding will strengthen Danfoss’ hose fittings portfolio and enable the company to become a leading player in Europe, according to the company.

“Bringing Hydro Holding into the Danfoss Fluid Conveyance business is a perfect fit for both organizations,” said Daniel Winter, president of Danfoss Power Solutions, in a statement. “We will create a hose and fitting powerhouse in Europe, and together, we will be able to realize synergies, expand market share, and meet the needs of our customers with innovative solutions and a broader product range.”

Hydro Holding makes 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.