Hong Kong China manufacturer of power equipment
Techtronic Industries Company Limited Native name
創科實業有限公司 Company type Public Industry Manufacturing[ 1] Founded 24 May 1985; 40 years ago (1985-05-24 ) Founders Horst Julius Pudwill[ 1] Roy Chung Chi Ping[ 1] Headquarters Hong Kong Area served
Worldwide Key people
Horst Julius Pudwill(chairman) [ 1] Stephan Horst Pudwill(vice chairman) [ 1] Steven Richman(CEO and group executive director) [ 2] Frank Chan(group CFO and group executive director) [ 3] Products Revenue US$14.6 billion(2024) [ 4] Number of employees
47,539(June 2025) [ 5] Website www
Techtronic Industries Company Limited (TTI Group orTTI ) is aHong Kong –based multinational company that designs, produces, and marketspower tools , outdoor power equipment, hand tools, and floor care appliances. It pioneered cordless power tools powered bylithium-ion rechargeable batteries.[ 1] [ 3]
TTI's products are manufactured in China, Vietnam, the United States, Mexico, and Europe, and in 2024, had annual sales of US$14.6 billion.[ 4]
In 1985, TTI was founded by Horst Julius Pudwill and Roy Chi Ping Chung as anoriginal equipment manufacturer for overseas brands. In 1987, it began to produceCraftsman cordless power tools forSears followed by cordless, handheld vacuum cleaners forBissell .[ 6] [ 1] [ 7]
In 1990, TTI listed on theHong Kong Stock Exchange under stock code 0669 byinitial public offering . ItsADRs also trade onNasdaq as TTNDY. In 2019, the company's shares became one of the 50 constituents of theHang Seng Index .[ 8] [ 9] [ 10] [ 11] [ 12]
TTI acquiredRyobi Limited's North American power tools business in August 2000.[ 13] [ 14]
Techtronic purchasedMilwaukee Electric Tool fromAtlas Copco in 2005 and began integrating lithium-ion batteries into their lineup.[ 15] [ 10]
TTI's brands include:
Floorcare & cleaning
Forbes World’s Best 200 Small Companies , 2002[ 25] Hong Kong Awards for IndustriesConsumer Product Design , 2008 and 2012[ 26] [ 27] Euromoney Best Managed Company in Asia - Consumer Goods , 2014[ 28] The Home Depot Environmental Partner of the Year andInterconnected Partner of the Year , 2020[ 29] ^a b c d e f g h "Horst Julius Pudwill" .Forbes ISSN 0015-6914 .Archived from the original on September 6, 2020. RetrievedOctober 29, 2018 .^ "Board of Directors" .TTI Group . RetrievedAugust 9, 2024 .^a b "2023 Annual Report" (PDF) .HKEX News .Archived (PDF) from the original on May 23, 2024. RetrievedMarch 27, 2024 .^a b "AR24_Announcement" (PDF) .TTI Group . RetrievedMarch 11, 2025 .^ "IR25_Announcement" (PDF) .TTI Group . RetrievedSeptember 17, 2025 .^ Anne, Crawford (June 19, 1992). "Pudwill has plans for NovAtel".Calgary Herald Postmedia Network . p. E3.ISSN 1197-2823 .OCLC 29533985 . ^a b c "Corporate Milestones" (PDF) .HKEX News .Archived (PDF) from the original on April 16, 2021. RetrievedMarch 10, 2021 .^a b c "Techtronic Industries Co Ltd" .Reuters .Archived from the original on April 16, 2021. RetrievedMarch 10, 2021 .^ "Power Tool Manufacturers and Who Really Owns Them" .Pro Tool Reviews . July 14, 2021. RetrievedAugust 5, 2021 .^a b Engardio, Pete (July 31, 2006)."Emerging Giants" .Bloomberg.com . ^ Dembina, Andrew (February 2003). "Doing it yourself".Hong Kong Business . pp. 12– 14. ^a b c Taschler, Joe; Daykin, Tom (January 27, 2020)."Milwaukee Tool planning $26 million plant in West Bend; 100 new jobs planned by 2025" .Milwaukee Journal Sentinel Gannett .ISSN 1082-8850 .OCLC 55506548 .Archived from the original on February 26, 2021. RetrievedMarch 11, 2021 . ^ "Shareholders Unanimously Approved The Acquisition of Ryobi Confirm Leadership Position in North America Power Tool Market" (PDF) . TechTronic Industries Company Limited. July 31, 2000. RetrievedDecember 14, 2023 .^ "TECHTRONIC Acquires RYOBI Power Tools Business in Australia & New Zealand" (PDF) . TechTronic Industries Company Limited. March 3, 2002. RetrievedDecember 14, 2023 .^ "Techtronic: "We Have The Vision To Be No. 1" .Bloomberg Businessweek . RetrievedMay 17, 2021 .^a b Pretzlaff, Harry (August 31, 2004). "Chinesen auf Einkaufstour; Techtronic übernimmt AEG Elektrowerkzeuge" [Chinese on a shopping spree; Techtronic takes over AEG power tools].Stuttgarter Zeitung ^ Fratzel, Todd (November 20, 2019)."Hart Tools Launches New Line of Tools at Walmart" .Tool Box Buzz .Archived from the original on July 21, 2021. RetrievedJuly 20, 2021 . ^ LHeureux, Dave (December 19, 2001). "Deere & Co. to Close Consumer Products Facility in Pontiac, S.C.".The State McClatchy .ISSN 0038-9994 . ^ "Kango Tools Australia & New Zealand" .ttigroup.com . RetrievedApril 9, 2024 .^ Luk, Lewis (December 6, 2013)."Case Studies on IP Trading among SMEs in Asia" (PDF) . Hong Kong Institute of Patent Attorneys.Archived (PDF) from the original on June 2, 2014. RetrievedMarch 11, 2021 . ^ Antosiewicz, Frank (August 4, 2014). "Buyer plans to sell former Hoover plants".Plastics News Crain Communications . p. 3. ^ III, G. Chambers Williams (July 9, 2013)."Hoover parent snaps up Oreck at auction" .USA TODAY .Archived from the original on November 15, 2016. RetrievedAugust 26, 2017 . ^ Care, TTI Floor (July 16, 2016)."TTI Statement on Acquisition of Oreck" .PR Newswire .Archived from the original on May 15, 2017. RetrievedAugust 8, 2022 . ^a b Pugh, Chris (January 31, 2007). "Future of Hoover plant in doubt".The Independent ISSN 0951-9467 .OCLC 185201487 . ^ "200 Companies for 2002" .Forbes . October 28, 2002.Archived from the original on July 21, 2021. RetrievedApril 7, 2021 .^ "Hong Kong Awards for Industries 2008" .Hong Kong Trade and Industry Department .Archived from the original on July 21, 2021. RetrievedApril 7, 2021 .^ "Hong Kong Awards for Industries 2012" .Hong Kong Trade and Industry Department .Archived from the original on July 21, 2021. RetrievedJuly 19, 2021 .^ "Best managed companies in Asia 2014" .Euromoney . January 20, 2014.Archived from the original on September 28, 2020. RetrievedApril 7, 2021 .^ Salmonsen, Mary (October 12, 2020)."Home Depot announces 2020 Innovation Award winners" .Builder Online .Archived from the original on December 25, 2020. RetrievedApril 7, 2021 .
Subsidiaries Licensed brands
