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 Floor Care 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 Floor Care brands and businesses

 

2005

 

Acquired MILWAUKEE, AEG brand license and DreBo brands and businesses for Power Tool and Accessories

 

2007

 

Acquired HOOVER brand and Floor Care 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 Floor Care 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