Danfoss Power Solutions has successfully completed its acquisition of Hydro Holding Spa, a manufacturer of hose fittings, after obtaining all the required approvals. This strategic move enhances Danfoss’s production capabilities in Europe, providing a strong local manufacturing base in Italy and the Czech Republic.
The integration brings onboard 350 experienced employees, focused on advancing customer service and operational growth.
Expansion of Global Reach
Daniel Winter, President of Danfoss Power Solutions, remarked, “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.” Hydro Holding's expertise expands Danfoss’s portfolio with carbon steel and stainless steel fittings, thereby offering a broader spectrum of options to customers.
Building a European Stronghold
This partnership allows Danfoss to offer a complete hose and fittings solution across Europe Domenico Traverso, President of the Fluid Conveyance division at Danfoss, noted, “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.”
This union enables Danfoss to deliver a comprehensive and unique hose and fittings solution for the European market.
Leadership and Integration
The transition will see Hydro Holding becoming part of the Fluid Conveyance division as a new business unit named Hydro. The unit will be led by Stefano Bordegnoni, the former CEO of Hydro Holding, who will now serve as Vice President, Hydro, reporting to Traverso.
Bordegnoni’s extensive background in industrial manufacturing and innovation positions him well for this role, having previously held key positions at Brooks Automation, Inpeco, and Schneider Electric. Bordegnoni holds a Ph.D. in Mechanical Engineering and is an inventor with patents in industrial automation.
Commitment to Quality and Service
Commenting on the integration, Bordegnoni expressed, “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. 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.”
Fluid Conveyance Division Overview
Danfoss Power Solutions’ Fluid Conveyance division is a prominent manufacturer of hoses and fittings for diverse applications, including mobile and industrial equipment, vehicles, aircraft, mining, and the food and beverage industry.
The division offers a range of products such as hydraulic, industrial, thermoplastic, engine, air conditioning hoses and fittings, connectors, quick-disconnect couplings, hose machines, tools, and accessories. The division totaled annual sales of EUR 1.2 billion in 2024 and, with the inclusion of Hydro Holding’s 350 employees, will comprise approximately 6,500 personnel.
Danfoss Power Solutions announced that it has finalized its acquisition of hose fittings manufacturer Hydro Holding Spa, having received all necessary approvals.
With Hydro Holding on board, Danfoss gains a competitive, local fittings production base in Italy and the Czech Republic, as well as 350 highly experienced and customer-focused employees.
Welcoming the new team
“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.
About Hydro Holding
Hydro Holding is a foremost manufacturer of hose fittings headquartered in Castello d’Argile, Italy. The company’s carbon steel and stainless steel fittings, adapters, and hose assemblies complement and expand the Danfoss portfolio of hoses and fittings, providing customers of both companies with a broader range of options.
“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.
Stefano Bordegnoni
Hydro Holding will be integrated into Danfoss Power Solutions’ Fluid Conveyance division as a new business unit (BU) named Hydro. Stefano Bordegnoni, who has served as CEO of Hydro Holding since May 2024, will lead the newly formed business unit. Bordegnoni has been named Vice President, Hydro, reporting to Traverso.
Bordegnoni brings a distinguished track record in industrial manufacturing, engineering innovation, and global growth leadership to his role at Danfoss. Before joining Hydro Holding, he was Managing Director of the Healthcare Automation Division at Brooks Automation, a leading provider of automated solutions for the semiconductor industry.
Prior to that, he 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, Italy, and has filed patents in advanced industrial automation.
Delivering and serving solutions
“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.”
Fluid Conveyance division
Danfoss Power Solutions’ Fluid Conveyance division manufactures hoses and fittings for mobile and industrial equipment, vehicles, aircraft, mining, food and beverage, and other applications. Product ranges include hydraulic, industrial, thermoplastic, engine, and air conditioning hoses and fittings; connectors and quick-disconnect couplings; and hose machines, tools, and accessories.
The division’s annual sales reached EUR 1.2 billion in 2024. With the addition of Hydro Holding’s 350 employees, Fluid Conveyance will have approximately 6,500 employees.
