Danfoss Power Solutions to acquire Hydro Holding
Danfoss Power Solutions has entered into an agreement to acquire Hydro Holding, a manufacturer of hose fittings headquartered in Castello d’Argile, Italy. Hydro Holding will become part of Danfoss Power Solutions’ Fluid Conveyance division, a global manufacturer of hoses and fittings with brands such as Aeroquip, Weatherhead, Hansen and Waltech. The acquisition supports the division’s focus to accelerate profitable growth in line with Danfoss’ LEAP 2030 strategy. “Bringing Hydro Holding into the Danfoss Fluid Conveyance business is a perfect fit for both organisations.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,” says Daniel Winter, president, Danfoss Power Solutions. Continue reading Danfoss Power Solutions to acquire Hydro Holding at Industrial Vehicle Technology International.
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Danfoss Power Solutions has entered into an agreement to acquire Hydro Holding, a manufacturer of hose fittings headquartered in Castello d’Argile, Italy.
Hydro Holding will become part of Danfoss Power Solutions’ Fluid Conveyance division, a global manufacturer of hoses and fittings with brands such as Aeroquip, Weatherhead, Hansen and Waltech.
The acquisition supports the division’s focus to accelerate profitable growth in line with Danfoss’ LEAP 2030 strategy.
“Bringing Hydro Holding into the Danfoss Fluid Conveyance business is a perfect fit for both organisations.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,” says Daniel Winter, president, Danfoss Power Solutions.
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