Techtronic Industries
| Company type | Public |
|---|---|
| Industry | Power tools, outdoor power equipment, hand tools, floor care devices |
| Founded | 1985 |
| Founder | Horst Julius Pudwill, Roy Chi Ping Chung |
| Headquarters | Hong Kong , Hong Kong |
Area served | Worldwide |
| Products | Power tools, outdoor power equipment, hand tools, floor care devices |
Number of employees | 46,580 (2024) |
| Website | www |
Techtronic Industries Company Limited (commonly known as TTI Group or simply TTI) is a multinational corporation headquartered in Hong Kong, focusing on the design, manufacturing, and distribution of power tools, outdoor power equipment, hand tools, and floor care devices. The company was a pioneer in introducing cordless power tools utilizing lithium-ion rechargeable battery technology.
TTI operates manufacturing facilities located in China, Vietnam, the United States, Mexico, and Europe. As of 2024, the company reported annual revenues amounting to US$14.6 billion and employed a workforce of 46,580 individuals.
History
Established in 1985 by Horst Julius Pudwill and Roy Chi Ping Chung, TTI initially functioned as an original equipment manufacturer supplying international brands. By 1987, it had started producing Craftsman cordless power tools for Sears and cordless handheld vacuum cleaners for Bissell.
The company went public in 1990 through an initial public offering on the Hong Kong Stock Exchange under stock code 0669, with American depositary receipts trading on Nasdaq as TTNDY. By 2019, TTI's stock was included among the 50 companies comprising the Hang Seng Index.
TTI pursued growth via acquisitions beginning with the purchase of Ryobi Limited’s North American power tools division in August 2000. Subsequently, it acquired Ryobi’s European power tools segment in August 2001 and later its Australian and New Zealand operations in March 2002.
In a strategic move to enhance its product portfolio with lithium-ion battery technology, Techtronic acquired Milwaukee Electric Tool from Atlas Copco in 2005.
Brands
Among TTI's portfolio are the following brands:
Floorcare & cleaning
Awards
- Recognized by Forbes as one of the World’s Best 200 Small Companies in 2002
- Recipient of Hong Kong Awards for Industries for Consumer Product Design in both 2008 and 2012
- Honored by Euromoney as Best Managed Company in Asia - Consumer Goods in 2014
- Awarded The Home Depot’s Environmental Partner of the Year and Interconnected Partner of the Year in 2020