en.Wedoany.com Reported - Danfoss has signed a definitive agreement to acquire Alfagomma, combining two highly complementary businesses to strengthen customer partnerships and create a global leader in fluid conveyance.
Danfoss announced that it has signed a definitive agreement to acquire Alfagomma, a global manufacturer of hoses and fittings headquartered in Vimercate, Italy. The acquisition supports its strategic priority of accelerating profitable growth in line with Danfoss's long-term strategy. Alfagomma will become part of the Fluid Conveyance division, a core business of Danfoss Power Solutions, creating a global leader in fluid conveyance and enhancing the ability to serve customers worldwide.
Kim Fausing, President and CEO of Danfoss, stated that the acquisition of Alfagomma is a significant milestone for Danfoss and an important step in executing its long-term strategy. By combining the two businesses, the company will gain complementary capabilities, greater scale, and improved global reach to serve all customers and accelerate future growth. He also welcomed colleagues from a company long admired.
Founded in 1956, Alfagomma is a privately held global manufacturer and distributor of hoses and fittings, with brands including ALFAGOMMA, Dunlop Hiflex, and Argus. Its products are used in mobile hydraulics, industrial applications (including mining and oil & gas), marine, shipbuilding, and other industries. Alfagomma operates 28 production and assembly sites, employs approximately 4,500 people, and has sales of around €600 million.
Daniel Winter, President of Danfoss Power Solutions, noted that Alfagomma is a perfect fit with Danfoss Power Solutions' business, with limited overlap and significant opportunities to create value for global customers. By combining technologies, manufacturing footprints, and global market presence, both parties will strengthen partnerships and expand capabilities to support customers in mobile and industrial hydraulics and other industrial applications. Alfagomma has expertise in industrial applications such as oil & gas and mining, and both teams are customer-focused and passionate about solving complex application challenges.
The Fluid Conveyance division of Danfoss Power Solutions manufactures hoses and fittings for applications including vehicles, aircraft, ships, mining, food & beverage, mobile and industrial equipment. Domenico Traverso, President of Fluid Conveyance at Danfoss Power Solutions, believes that combining two complementary businesses will create a global leader in the hose and fitting industry, with superior manufacturing, distribution, and strong application knowledge to support sustainable long-term growth.
Alfagomma's Steering Committee stated in a declaration that the transaction is the successful outcome of a structured process aimed at maintaining business continuity and ensuring long-term value for Alfagomma and its stakeholders. Danfoss is a family-owned global leader that shares its values and long-term vision, with a commitment to strengthening operations, supporting the industrial base, and ensuring stability, growth, and continued investment in Alfagomma's people, capabilities, and operations.
The acquisition is subject to necessary approvals and is expected to be fully completed in the fourth quarter of 2026. Until completion, both companies will continue to operate independently, focusing on business continuity, stability, and service levels.
