History

In 1985, Mr. Horst Julius Pudwill and Prof Roy Chi Ping Chung 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

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Mr. Horst Pudwill founded Techtronic Industries with Prof Roy Chi Ping Chung

1987

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Began supplying cordless power tools to a major US distributor

1988

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Opened first manufacturing facility in Dongguan, China

1990

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Listed on the Stock Exchange of Hong Kong (stock code: 669)

1994

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Established Level 1 American Depository Receipt (“ADR”) program in US (ADR symbol: TTNDY)

1999

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Acquired VAX brand and Floor Care business

2000-2004

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Acquired RYOBI brand license and businesses for Power Tool and Outdoor Power Equipment

2002

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Acquired HOMELITE brand and business for Outdoor Power
Equipment

2003

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Acquired ROYAL and DIRT DEVIL Floor Care brands and

businesses

2005

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Acquired MILWAUKEE, AEG brand license and DreBo Electric Power Tools and Accessories brands and businesses

2007

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Acquired HOOVER brand and Floor Care business. Acquired STILETTO Hand Tool brand and business

2008

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Asia Industrial Park commenced operation in Dongguan, China

2011

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Asia Innovation Center opened in Dongguan, China

2013

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Acquired ORECK brand and Floor Care business

2014

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Acquired EMPIRE Level, Layout and Measuring Tools brand and business

2015

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Marked TTI’s 30th Anniversary. The Company achieved annual sales of US$5.0 billion