Danfoss today announced that it has entered into an exclusivity agreement to conclude the acquisition of Alfagomma.
The intention to acquire Alfagomma aligns with Danfoss' LEAP 2030 strategy, part of which is to accelerate profitable growth within the Fluid Conveyance division, a core business within the Danfoss Power Solutions segment. Alfagomma, headquartered in Italy, is a leading global manufacturer of hoses, fittings, couplings, and connectors with approximately EUR 600 million in annual sales, 4,500 employees, and operations across 28 production and assembly sites globally. Combining the businesses of both Alfagomma and the Fluid Conveyance division would create a global leader in hydraulic and industrial hose manufacturing and distribution.
Since 2021, Danfoss has significantly strengthened its Fluid Conveyance business through the acquisition of Eaton’s Hydraulics business and, most recently, Hydro Holding in Italy, while continuing to invest in equipment, technology, and infrastructure. Today, Fluid Conveyance is a core and fast-growing business within Danfoss Power Solutions.
Both companies will operate independently throughout the process, maintaining continuity and business as usual for customers, suppliers, and employees. Danfoss intends to complete the transaction and remains strongly committed to investing in the business and maintaining the footprint in Italy. Since 1961, Danfoss has sustained a strong presence in Italy with a current workforce of more than 1,100 employees across 14 sites.
Danfoss considers Italy a core country for future development, with a clear long-term commitment to strengthen the operations, support the industrial base, and ensure stability, growth, and continued investment in the people, capabilities, and operations of Alfagomma.