Danish industrial company Danfoss announces acquisition of Italian hose manufacturer Alfagomma

en.Wedoany.com Reported - Danish industrial company Danfoss announced on June 12, 2026, that it has signed an exclusive agreement with Italian manufacturer of hoses, fittings, and couplings Alfagomma to proceed with the acquisition. The acquisition will integrate Alfagomma into the fluid conveyance business segment of Danfoss Power Solutions, and the combined entity is expected to create a "global leader in the manufacturing and distribution of hydraulic and industrial hoses." The terms of the transaction have not been disclosed.

Alfagomma is a globally leading manufacturer of hoses, fittings, couplings, and connectors headquartered in Italy, with 28 production and assembly sites worldwide, approximately 4,500 employees, and annual sales of around €600 million (approximately $690 million). Danfoss stated that this acquisition aligns with its LEAP 2030 strategy, which aims to accelerate profitable growth in fluid conveyance, a core business of the Danfoss Power Solutions division.

Since 2021, Danfoss has continuously strengthened its fluid conveyance business segment through the acquisition of Eaton's hydraulics business and another Italian company, Hydro Holding. Hydro Holding, acquired in December 2025, has been integrated into Danfoss's fluid conveyance division, establishing a new "Hydro Holding" business unit. Danfoss stated that Italy is a "core country for its future development" and committed to investing in Alfagomma's operations while maintaining its domestic business footprint.

Danfoss has been present in the Italian market since 1961 and currently operates 14 sites in the country with approximately 1,100 employees. The company stated that throughout the acquisition process, the two companies will operate independently to ensure business continuity for customers, suppliers, and employees. Danfoss also emphasized that Italy is a core country for its future development and pledged a long-term commitment to strengthening local business operations. This acquisition will further consolidate Danfoss's market position in the global fluid conveyance sector.

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