History
In 1985, Mr. Horst Julius Pudwill and Prof Roy Chi Ping Chung GBS BBS JP founded Techtronic Industries (TTI) with the clear vision of owning and building a portfolio of globally recognized brands. Today, their passion and commitment has resulted in products that have become household names in the commercial construction, home improvement, and industrial power tool markets as well as the home maintenance and commercial floor care markets.
Their steadfast dedication to unsurpassed quality and core strategies of driving continuous innovation, operational improvement, and leadership development have propelled all of TTI’s brands, including Milwaukee Power Tool, a 150-year-old company and now a billion dollar worldwide brand annually.
TTI is proud of the history we are creating with our portfolio, knowing that our devotion to excellence will continue to lead us to greater heights.
1985
Mr. Horst Pudwill founded Techtronic Industries with Prof Roy Chi Ping Chung
1987
Began supplying cordless power tools to a major US distributor
1988
Opened first manufacturing facility in Dongguan, China
1990
Listed on the Stock Exchange of Hong Kong (stock code: 669)
1994
Established Level 1 American Depository Receipt (“ADR”) program in US (ADR symbol: TTNDY)
1999
Acquired VAX brand and Floorcare business
2000-2004
Acquired RYOBI brand license and businesses for Power Tool and Outdoor Power Equipment
2002
Acquired HOMELITE brand and business for Outdoor Power Equipment
2003
Acquired ROYAL and DIRT DEVIL Floorcare brands and businesses
2005
Acquired MILWAUKEE, AEG brand license and DreBo brands and businesses for Power Tool and Accessories
2007
Acquired HOOVER brand and Floorcare business. Acquired STILETTO Hand Tool brand and business
2008
Asia Industrial Park commenced operation in Dongguan, China
2011
Asia Innovation Center opened in Dongguan, China
2013
Acquired ORECK brand and Floorcare business
2014
Acquired EMPIRE Level, Layout and Measuring Tools brand and business
2015
Marked TTI’s 30th Anniversary.
2018
Acquired Imperial Blades brand and business
2019
TTI (stock code: 669) becomes one of the fifty constituent stocks of the Hang Seng Index